GKN trustees warn Melrose over £1.1bn pension deficit

Kim Kaveh
clock • 2 min read

The trustees of GKN Group's schemes have warned Melrose Industries about the pension funding position, following a bid to take over the business.

This comes after Melrose put together a strategy for GKN's two defined benefit (DB) pension schemes, including a plan to sell its £1bn powder metallurgy business, according to the FT. Collective...

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