Rolls-Royce Holdings plc Termination of discussions in relation to ITP Aero (6284G)
July 24 2019 - 12:08PM
UK Regulatory
TIDMRR.
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 GBP15 billion in 2018, around
half of which came from the provision of aftermarket services.
4. In 2018, Rolls-Royce invested GBP1.4 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 +44 (0) 7825 903206
jennifer.ramsey@rolls-royce.com
Richard Wray
Director of External Communications & Brand
Rolls-Royce plc
Tel: +44 (0) 7974 918416
richard.wray@rolls-royce.com
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END
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