Rolls-Royce sells equity in Airbus engine collaboration for £960m
2nd July 2012
AERO engine manufacturer Rolls-Royce has completed the restructuring of its participation in International Aero Engines (IAE) Collaboration, which produces the V2500 engine for the Airbus A320 family of aircraft. Rolls-Royce has sold its equity and programme shares in the IAE Collaboration to fellow engine producer Pratt & Whitney, which is owned by NYSE-listed United Technologies Corporation, for $1.5bn (£960m).In addition to the consideration, which will be subject to working capital adjustments, Rolls-Royce will also r......for the full story register now for free or login below...
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