Although it is likely that at some stage, outside shareholders will be admitted to the proposed Plessey & GEC Telecommunications as part of joint venture agreements overseas, and that even a separate quotation for its shares can’t be ruled out in the medium term, it is wrong to see Plessey as a company suddenly shrunk […]
Although it is likely that at some stage, outside shareholders will be admitted to the proposed Plessey & GEC Telecommunications as part of joint venture agreements overseas, and that even a separate quotation for its shares can’t be ruled out in the medium term, it is wrong to see Plessey as a company suddenly shrunk to UKP800m a year from UKP1,500m: the Sunday Telegraph points out that Plessey’s auditors have already agreed that the company can consolidate half the profit and turnover of the new company.
