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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rolls-royce Holdings Plc | LSE:RR. | London | Ordinary Share | GB00B63H8491 | ORD SHS 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
9.80 | 2.16% | 463.20 | 463.10 | 463.30 | 466.70 | 458.60 | 459.30 | 8,871,534 | 13:29:58 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Aircraft Engine,engine Parts | 16.49B | 2.41B | 0.2884 | 16.12 | 38.88B |
TIDMRR.
RNS Number : 6141Z
Rolls-Royce Holdings plc
15 September 2022
15 September 2022
ROLLS-ROYCE COMPLETES SALE OF ITP AERO
Rolls-Royce (LSE:RR., ADR:RYCEY) announces the completion of the sale of ITP Aero to a consortium of investors led by Bain Capital Private Equity, at an enterprise value of approximately EUR1.8 billion . The completion of the transaction, which was announced on 27 September 2021, follows the announcement on 3 August 2022 of approval of the transaction from the Spanish government.
Sale proceeds were EUR1.6 billion. In addition a dividend of EUR0.1bn was paid shortly prior to completion. The proceeds will be used to reduce debt with the immediate repayment of our GBP2 billion loan, which is supported by an 80% guarantee from UK Export Finance, helping to rebuild the Rolls-Royce balance sheet in support of our ambition to return to an investment grade credit profile in the medium term. The sale of ITP Aero completes the disposal programme we announced on 27 August 2020.
ITP Aero will remain a key strategic supplier and partner for Rolls-Royce across both Civil Aerospace and Defence programmes.
For further information, please contact:
Media
Richard Wray
Director of External Communications & Brand, Rolls-Royce plc
Tel +44 (0) 7810 850055
Richard.Wray@Rolls-Royce.com
Investors
Isabel Green
Head of Investor Relations, Rolls-Royce plc
Tel +44 (0) 7880 160976
Isabel.Green@Rolls-Royce.com
www.rolls-royce.com
About Rolls-Royce Holdings plc
1. Rolls-Royce pioneers the power that matters to connect, power and protect society. We have pledged to achieve net zero greenhouse gas emissions in our operations by 2030 (excluding product testing) and joined the UN Race to Zero campaign in 2020, affirming our ambition to play a fundamental role in enabling the sectors in which we operate achieve net zero carbon by 2050.
2. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces and navies, and more than 5,000 power and nuclear customers.
3. Annual underlying revenue was GBP10.95 billion in 2021, underlying operating profit was GBP414m and we invested GBP1.18 billion on research and development. We also support a global network of 28 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
4. Rolls-Royce Holdings plc is publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69)
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September 15, 2022 05:54 ET (09:54 GMT)
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