Rolls-Royce confirms approach for Spanish subsidiary

Rolls-Royce has revealed that it has received an approach from Spanish information technology and defence systems company Indra to buy a majority stake in its ITP Aero business. ITP, the Spanish subsidiary of Rolls-Royce and currently the ninth largest aircraft engine and components company in the world by revenue, has operations in the UK including in Lincoln and Whetstone. A statement from Rolls-Royce said: "This indication of interest is subject to a number of conditions. There is no certainty that this will result in a trans... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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