Europe

UMECO PUTS PATTONAIR ONTO THE MARKET

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UMECO PUTS PATTONAIR ONTO THE MARKET

Shares in distribution company Umeco rose by 8% today after reports that it was planning to sell the aerospace supplier Pattonair for over £200 million. Analysts say that such a disposal would transform Umeco’s balance sheet from a £70 million net debt position to one with a healthy surplus...

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