Meggitt Sells Precision Micro to LDC for GBP22.5 Million
April 24 2018 - 4:47AM
Dow Jones News
By Oliver Griffin
Meggitt PLC (MGGT.LN) said on Tuesday that it has sold Precision
Micro for 22.5 million pounds ($31.4 million) to LDC, the
private-equity arm of Lloyds Banking Group PLC (LLOY.LN).
The engineering company said the sale was consistent with its
strategy to focus on businesses of scale in attractive markets.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
April 24, 2018 04:32 ET (08:32 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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