logo
Plus   Neg
Share
Email

Rolls-Royce: Indra Intends To Acquire Majority Stake In ITP Aero - Quick Facts

Rolls-Royce Holdings plc (RYCEF.PK,RR.L,RYCEY.PK) has received a preliminary indication of interest from Indra to acquire a majority stake in ITP Aero. The indication of interest is subject to a number of conditions. Rolls-Royce said it intends to retain a long-term relationship with ITP Aero across its Civil Aerospace and Defence programmes.

ITP Aero is the ninth largest aeronautical engine and components company in the world. It was founded by Rolls-Royce and SENER in 1989. In 2017, Rolls-Royce acquired outstanding 53.1% shareholding in ITP owned by SENER.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Department of Justice has reached a settlement agreement with a Texas-based Taco Bell franchise owner for immigration-related discrimination against certain employees. The settlement resolves the DOJ's investigation into whether MUY Brands LLC, and a related management company, MUY Consulting Inc., violated the Immigration and Nationality Act. Starbucks is gearing up for the upcoming holiday season by introducing its 2019 holiday flavors in U.S. grocery stores. The launch of the coffee giant's holiday line-up this year includes returning holiday favorites as well as a new item. Customers can now take home products that are making a comeback such as Starbucks Holiday Blend K-Cup and Ground Coffee, Peppermint Mocha Flavored Ground Coffee, Peekay International issued a recall of 7 ounce and 14 ounce packs containing Keshav Dry Apricot food treats as they contain undeclared allergens such as sulfites, according to a statement published by The U.S. Food and Drug Administration. Consumption of the product by those allergic or having severe sensitivity to sulfites could run the risk of serious or life-threatening allergic reactions.
RELATED NEWS
Follow RTT
>