US EditionDowlais set to be sold to US rival in €1.4bn deal
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Dowlais set to be sold to US rival in €1.4bn deal
The car parts arm of GKN, Dowlais, looks set to be sold to a US rival in a £1.2bn (€1.43bn) deal six years after Melrose's hostile takeover of the British engineer, writes Jessica Clark. Dowlais, spun out of GKN in 2023, will be snapped up by American Axle in a blow to London's stock market. Corporate raider Melrose bought GKN for £8bn in 2018 in a move that faced fierce opposition over fears the 266-year-old company would be split up and sold o…
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