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Senior Plc Reviews All Strategic Options For Aerostructures Unit - Quick Facts

Senior plc (SNR.L), a manufacturer of high technology components and systems, Monday confirmed that it has been reviewing all strategic options for its Aerostructures business. This includes an early stage assessment of a potential divestment of the division.

The company issued the statement in response to recent media speculation regarding its Aerostructures business.

Bloomberg had reported, citing people familiar with the matter, that Senior Plc, a supplier to Boeing Co. and Daimler AG, is exploring a sale of its aerostructure unit.

As per its policy, the company reviews its portfolio on an ongoing basis and evaluate all its operating businesses in terms of their strategic fit within the firm.

Senior said there can be no certainty that the review will lead to a transaction. Further announcements will be made as appropriate.

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