Termination of discussions in relation to ITP Aero

RNS Number : 6284G

Rolls-Royce Holdings plc

24 July 2019

 

24 July 2019

ROLLS-ROYCE CONFIRMS TERMINATION OF DISCUSSIONS

IN RELATION TO ITP AERO

On 14 June, Rolls-Royce announced that it had received a preliminary and conditional indication of interest from Indra to acquire a majority stake in ITP Aero.

Rolls-Royce confirms that discussions with Indra have ended without agreement between the parties.

ITP Aero will remain a separately reported business segment and a core part of Rolls-Royce.

About Rolls-Royce Holdings plc

1.   Rolls-Royce pioneers cutting-edge technologies that deliver clean, safe and competitive solutions to meet our planet's vital power needs.

2.   Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 70 navies, and more than 5,000 power and nuclear customers.

3.   Annual underlying revenue was £15 billion in 2018, around half of which came from the provision of aftermarket services.

4.   In 2018, Rolls-Royce invested £1.4 billion on research and development. We also support a global network of 29 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

5.   The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.

For further information, please contact:

Jennifer Ramsey

Head of Investor Relations

Tel [phone]

[e-mail]

Richard Wray

Director of External Communications & Brand

Rolls-Royce plc

Tel: [phone]

[e-mail]

 

END

 

 

MSCRIMFTMBMTBAL