In one of
Some politicians have objected to Melrose buying GKN becausethey fear it could break up the mainstay of
Melrose said it reserved the right to list the Aerospacedivision on the stock market however and added that were it tobe approached by a strategic buyer in that time, it would seekthe approval of the government to sell.
The group said it would also pump a further 10 millionpounds into the company over five years to support the creationof between 100 and 150 new apprenticeships in engineering,technology and science, a key area of focus for the governmentwhich is promoting an industrial strategy as it leaves the EU.
It has also committed to spend at least 2.2 percent of saleson research and development, saying this figure should be seenas a "floor, not a ceiling on our ambitions".(Reporting by Kate Holton; Editing by Alistair Smout)