SKF conducts strategic review of its Aerospace business

(Reuters) - Swedish bearings maker SKF said on Thursday it was reviewing the ownership of its aerospace business, confirming earlier reports.

"CEO Rickard Gustafson will announce that the Group is conducting a strategic review of its Aerospace business, considering ongoing consolidation in the industry," SKF said in a statement ahead of its capital markets day.

Bloomberg News reported on Tuesday that a potential sale had been prompted by calls for a change from its second largest owner, activist investor Cevian Capital.

SKF's aerospace business accounts for around 5% of group sales, according to brokerage Berenberg.

(Reporting by Marie Mannes and Terje Solsvik, editing by Anna Ringstrom)