GOODWIN

Goodwin has agreed to sell large parts of its "Mechanical Engineering" division to a Cerberus subsidiary; cash consideration is up to around £1.1 billion. The units being sold recently contributed significantly more to operating profit (£206m in gross assets, £69m operating profit) than the remaining "Refractory Engineering and Technological Division" (£10m). The share price fell by around 6% despite initial approval, as investors price in a smaller, less profitable company going forward; completion depends on regulatory approvals and an internal reorganization and is targeted for Q1 2027. The board signals it intends to return a substantial part of the net proceeds to shareholders. » Więcej na de.investing.com

Goodwin says it is in advanced talks to sell large parts of its machinery division to funds advised by Cerberus Capital Management. The purchase price is expected to be about £1.1 billion in cash, subject to customary completion adjustments. The potential sale would include Goodwin Steel Castings, Goodwin International, Noreva, the Easat Group and Pumps. The board stresses there is no certainty the deal will complete or on the final terms; Rothschild & Co is providing financial advice to Goodwin. » Więcej na de.investing.com

Goodwin has published its annual report for the year ended 30 April 2026 and filed it with the Financial Conduct Authority. The board proposes a final dividend of 330 pence per share; approval is to be sought at the annual general meeting on 7 October 2026. The ex-dividend date is 17 September 2026, the record date is 18 September 2026, and payment is scheduled for 9 October 2026; printed copies are available at the company’s registered office. » Więcej na de.investing.com

Goodwin has launched a strategic review that could lead to the sale of a substantial part of its engineering division. Affected units would include GSC, GI, Noreva, Easat and Pumps. Rothschild & Co is advising the board; discussions are underway, but there is no certainty of a concrete transaction. The company said it will inform shareholders of any progress if necessary and published the announcement as insider information in accordance with the Market Abuse Regulation. » Więcej na de.investing.com

Goodwin is said to be holding talks, according to the FT, about selling its defence division, which supplies components for various naval applications including nuclear submarines. Several private-equity firms are reported to have already expressed interest. Goodwin has a market capitalisation of around £1.4 billion and the stock is down about 13% so far in 2026. » Więcej na de.investing.com