RR ADR (RYCEY)

[vikingzskillz]

Rolls-Royce agrees sale of Spanish unit ITP for $2 Billion

LONDON — Rolls-Royce said it agreed to sell its Spanish unit ITP Aero to a consortium led by Bain Capital Private Equity for 1.7 billion euros ($2.0 billion), bringing the British engineering company close to its 2 billion pound target for disposals.

The sale sent Rolls-Royce shares up 10% to 146 pence, reaching their highest level since the early weeks of the pandemic in March 2020.

https://www.google.com/amp/s/financialpost.com/pmn/business-pmn/rolls-royce-agrees-sale-of-spanish-unit-itp-for-2-bln/wcm/f0449b6a-0dc9-464e-83a1-e7ecc15397d8/amp/