Rolls-Royce (LSE: RR., ADR: RYCEY) announces that the Spanish government has approved the sale of ITP Aero to a consortium of investors led by
This follows the approval of all other relevant regulatory authorities. As a result, the completion of the transaction, at an enterprise value of approximately
This sale, which was announced on
ITP Aero will remain a key strategic supplier and partner for Rolls-Royce across both
About
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.
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.
Annual underlying revenue was
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