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RR. Rolls-royce Holdings Plc

404.30
-3.20 (-0.79%)
Last Updated: 09:25:27
Delayed by 15 minutes
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
  -3.20 -0.79% 404.30 404.00 404.30 406.40 402.20 406.00 2,990,614 09:25:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft Engine,engine Parts 16.49B 2.41B 0.2884 14.00 33.78B

Rolls-Royce to Pay $810 Million to Settle Bribery Case

16/01/2017 6:20pm

Dow Jones News


Rolls-royce (LSE:RR.)
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By Tapan Panchal 

LONDON -- Rolls-Royce Holdings PLC said Monday it will pay a total of around GBP671 million ($810 million) to law enforcement authorities in the U.S., U.K. and Brazil to settle bribery and corruption charges.

The company, which manufactures jet engines and marine diesel engines, said it had reached deferred prosecution agreement, a type of settlement agreement with the U.S. Department of Justice and the U.K.'s Serious Fraud Office. It also has reached a leniency agreement with Brazil's Public Prosecutor's Office.

Under the settlement agreements, Rolls-Royce will pay $169.9 million to the Justice Department, $25.6 million to Brazilian authorities and GBP497.3 million to U.K.'s law enforcement authority.

The U.K.-listed company said it would provide a further update on implications of the settlement agreements when it reports its full-year 2016 results on Feb. 14. It added that the company had a good finish to the year with both profit and cash expected to be ahead of expectations.

Write to Tapan Panchal at Tapan.Panchal@wsj.com

 

(END) Dow Jones Newswires

January 16, 2017 13:05 ET (18:05 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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