29 March 2018

  |  CBI Press Team

News

GKN investors approve Melrose Industries takeover bid

The CBI has responded to the outcome of Melrose Industries' takeover bid for engineering company GKN.

GKN investors approve Melrose Industries takeover bid

George McFarlane, CBI Director of Sectors, said:

“The first thought will rightly be what does this mean for GKN’s workers, pensioners and suppliers.  Addressing their concerns must be the priority. 

“There is a compelling case to invest in and do business from the UK. So it’s encouraging that Melrose have made commitments on skills, R&D and people here in the UK.

"All eyes will now be on their vision for how to extend the rich 260 year history of one of Britain’s great engineering brands.”