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ALV Allianz AG

260.50
0.00 (0.00%)
25 Jun 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Allianz AG TG:ALV Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 260.50 260.50 260.50 0.00 01:00:00

Statement re GKN/BAE Systems

22/08/2003 1:04pm

UK Regulatory


RNS Number:9695O
Alvis PLC
22 August 2003


22 August 2003

PURCHASE BY BAE SYSTEMS OF GKN'S 28.95% STAKE IN ALVIS

Alvis plc notes the announcement by BAE Systems plc of its agreement with GKN
plc to purchase a 28.95% stake in Alvis.

Nick Prest, Chairman and Chief Executive of Alvis plc commented:

"We welcome BAE Systems as a major shareholder in Alvis. BAE Systems has
complementary skills to those of Alvis in Land Systems. We look forward to
developing a relationship to the benefit of the company and all its
shareholders."


ENQUIRIES:


Mary Ann Griffiths

Group Communications Manager

Alvis plc, London

Tel: +44 (0)20 7808 8886

Mob: +44 (0)7887 787935

E-mail: maryanngriffiths@alvis.plc.uk

www.alvis.plc.uk
Rupert Trefgarne

Smithfield Financial

Tel: +44 (0) 20 7360 4900



Notes to Editors:

 1. Alvis plc is listed on the London Stock Exchange and is involved with the
    design and production of armoured fighting vehicles and other specialist
    military vehicles. The Alvis Group turnover in 2002 was #225 million.

 2. Other businesses in the Alvis Group include Alvis Vickers and Alvis Bridging
    in the UK, Alvis Hagglunds AB in Sweden, Alvis Moelv AS in Norway, Alvis
    OMC and Alvis Gear Ratio in South Africa.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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