A tale of two Morgans...
By Graham Hayday, 3 December 2001 08:00
NEWS Invensys, the owner of ERP specialist Baan, is looking to raise £1bn by selling off some of its major assets. JP Morgan has been appointed to sell the engineering company's flow-control business, while Morgan Stanley will have the task of disposing of its battery technology business. Dresdner Kleinwort Waaserstein has also been brought in to look at other potential disposals. The group is trying to reduce a debt mountain of some £3.2bn.
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