Rolls-Royce Holdings plc Completion of sale of civil nuclear I&C business (5721R)
November 08 2021 - 2:45AM
UK Regulatory
TIDMRR.
RNS Number : 5721R
Rolls-Royce Holdings plc
08 November 2021
08 November 2021
ROLLS-ROYCE COMPLETES SALE
OF CIVIL NUCLEAR INSTRUMENTATION & CONTROL BUSINESS
Rolls-Royce announces the completion of the sale of our civil
nuclear instrumentation & control (I&C) business to
Framatome. The completion of the transaction, which was first
announced on 7 December 2020, follows recent clearance from the
relevant regulatory authorities.
The proceeds received by Rolls-Royce contribute towards our
target to generate at least GBP2bn from disposals, as announced
last year, and will be used to help strengthen the Rolls-Royce
balance sheet in support of the company's medium term ambition to
return to an investment grade credit profile.
The I&C business, which in 2020 reported revenues of GBP74m,
includes all the Rolls-Royce activities and teams based in Grenoble
(France), Prague (Czech Republic), Beijing and Shenzhen (China). No
UK-based employees are impacted as this agreement does not include
our UK civil nuclear business, or small modular reactor activities,
which will continue contributing to the provision of low carbon
power for the UK.
For further information, please contact:
Media
Richard Wray
Director of External Communications & Brand, Rolls-Royce
plc
Tel +44 (0) 7810 850055
Richard.Wray@Rolls-Royce.com
Investors
Isabel Green
Head of Investor Relations, Rolls-Royce plc
Tel +44 (0) 7880 160976
Isabel.Green@Rolls-Royce.com
www.rolls-royce.com
About Rolls-Royce Holdings plc
1. 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.
2. 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.
3. Annual underlying revenue was GBP11.76 billion in 2020 and we
invested GBP1.25 billion on research and development. We also
support a global network of 28 University Technology Centres, which
position Rolls-Royce engineers at the forefront of scientific
research.
4. Rolls-Royce Holdings plc is publicly traded company (LSE:
RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69)
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