Alcan sells off businesses

Monday 19 June 1995 23:02 BST

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Alcan sells off businesses

British Alcan Aluminium is selling its four non-smelting and rolling businesses to a new company being created for the purpose and backed by City institutions led by Mercury Development Capital, a part of Mercury Asset Management. No price has been disclosed, but it is thought to be in the region of pounds 180m, the book value of the company. The companies being sold had a turnover about pounds 450m last year.

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