GKN's proposed merger deal with Dana means over two thirds of the group's gross pension liabilities will remain with the engineering giant, according to Melrose.
In a statement on the London Stock Exchange today, Melrose chairman Christopher Miller warned this would bring a "material increase in risk" to the remaining group, including increased risks for GK...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
