GKN successfully places new shares

In a 'blink and you'll miss it' sale, global engineering firm GKN said it had completed the 140 million share placing it only announced this morning.

In a 'blink and you'll miss it' sale, global engineering firm GKN said it had completed the 140 million share placing it only announced this morning.

The firm sold 70m shares at 200p each to institutional investors, with the funds due to go towards the purchase of Volvo's aero engine division.

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