Plans to put some of its non-core businesses into joint ventures with foreign companies to give them critical mass and raise some cash for their parent have reportedly come to the front burner at Racal Electronics Plc – and could raise as much as UKP300m for the company, according to The Times: the paper names defence radar and avionics as candidates for joint venture, with marine and energy, antennas and instrumentation candidates for divestiture, perhaps via management buy-outs; no mention of defence radio, but there has been talk in the past of this being up for some kind of status change; the computer-aided design business, Racal Redac, might also be a candidate for a sell-off.
