- Melrose Industries said it had sold two engineering assets for around £200m combined.

The company sold powertrain supplier Walterscheid Powertrain Group to private equity firm One Equity Partners.

It also sold a minority 43.57% interest in Societe Anonyme Belge de Constructions Aeronautiques, which manufactures components for aircraft and space launchers, to majority shareholder Dassault Belgique Aviation.

The sale of Walterscheid was subject to the customary regulatory conditions and was expected to complete in the first half of this year.

At 9:40am: [LON:MRO] Melrose PLC share price was -0.95p at 180.5p

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