Rolls-Royce Holdings plc ROLLS-ROYCE COMPLETES SALE OF BERGEN ENGINES (2502X)
January 04 2022 - 2:00AM
UK Regulatory
TIDMRR.
RNS Number : 2502X
Rolls-Royce Holdings plc
04 January 2022
4 January 2022
ROLLS-ROYCE COMPLETES SALE OF BERGEN ENGINES
Rolls-Royce (LSE:RR., ADR:RYCEY) announces the completion of the
sale of our Bergen Engines business to Langley Holdings plc for an
enterprise value of EUR63m. The completion of the transaction,
which was announced on 3 August 2021, follows the conclusion of
work to separate the business from the Group.
Sale proceeds of EUR91m from the transaction, together with
EUR16m of cash held within Bergen Engines which has been retained
by Rolls-Royce, will be used to help rebuild the Rolls-Royce
balance sheet in support of our medium-term ambition to return to
an investment grade credit profile. In 2020, Bergen Engines
generated revenues of approximately EUR200m with the assets and
liabilities of the business presented as held for sale in the
Rolls-Royce Holdings plc consolidated balance sheet.
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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