© Reuters. Branding is seen outside the headquarters of GKN in Redditch, Britain, March 12, 2018. REUTERS/Hannah McKay
(Reuters) – Melrose Industries plans to spin off its GKN (LON:) 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.
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