(Reuters) – Melrose Industries plans to spin off its GKN automotive division as a new UK-listed company, the Financial Times reported on Thursday, citing people familiar with the matter.
The automotive company will aim to trade on the London Stock Exchange next year under a yet-undecided name, the newspaper said.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; editing by Uttaresh.V)
