Cookson considering 1 billion GBP split?

According to the Sunday Times the company has appointed investment bank Rothschild to investigate a plan that would see the electronics division of the company floated on the stock exchange. The seperate business would be worth up to 1 billion GBP. The company declined to comment on the report. Cookson has two divisions, a ceramics arm for steelmakers (accounting for two-thirds of sales) and the electronics division, and employs 15,000 staff in 40 countries.