Rolls-Royce Holdings Gets Approach for ITP Aero From Indra

Date : 06/14/2019 @ 8:47PM
Source : Dow Jones News
Stock : Rolls-royce Holdings Plc (RR.)
Quote : 861.0  -9.0 (-1.03%) @ 8:15PM
Rolls-royce share price Chart

Rolls-Royce Holdings Gets Approach for ITP Aero From Indra

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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.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

June 14, 2019 08:32 ET (12:32 GMT)

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