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By Adria Calatayud
Rolls-Royce Holdings PLC (RR.LN) said Friday that it has received a preliminary approach for its Spanish subsidiary ITP Aero from Indra Sistemas SA (IDR.MC).
The British engine maker said Indra has shown interest in acquiring a majority stake in ITP Aero. There is no certainty that the companies will reach an agreement, Rolls-Royce said.
Rolls-Royce said it intends to retain a long-term relationship with ITP Aero across its civil aerospace and defense programs.
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(END) Dow Jones Newswires
June 14, 2019 08:32 ET (12:32 GMT)
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