Business
Response to Press Speculation: ITP Aero
Response to Press Speculation: ITP Aero.
About this update from Rolls-royce Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 3559C Rolls-Royce Holdings plc 14 June 2019 \n\n14 June 2019\nROLLS-ROYCE RESPONSE TO PRESS SPECULATION: ITP AERO\n \nRolls-Royce notes the recent press speculation and confirms that it has received a preliminary and conditional indication of interest from Indra to acquire a majority stake in ITP Aero.\n \nThis indication of interest is subject to a number of conditions. There is no certainty that this will result in a transaction involving ITP Aero. \n \nITP Aero is a key partner for Rolls-Royce, and Rolls-Royce intends to retain a long-term relationship with the business across its Civil Aerospace and Defence programmes. \n \nAny further announcement will be made as appropriate.\n \nThis announcement has been determined to contain inside information.\n \n \nAbout Rolls-Royce Holdings plc\n \n1. Rolls-Royce pioneers cutting-edge technologies that deliver clean, safe and competitive solutions to meet our planet's vital power needs.\n \n2. 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.\n \n3. Annual underlying revenue was £15 billion in 2018, around half of which came from the provision of aftermarket services.\n \n4. In 2018, Rolls-Royce invested £1.4 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.\n \n5. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.\n \n \nFor further information, please contact:\n \nJennifer Ramsey\nHead of Investor Relations\nTel +44 (0) 7825 903206\[email protected]\n \n \nTeresa Towner\nExternal Corporate Communications Manager\nRolls-Royce plc\nTel: +44 (0) 20 7227 9036\[email protected]\n \n \nRichard Wray\nDirector of External Communications\nRolls-Royce plc\nTel: +44 (0) 20 7227 9163\[email protected]\n \n \nwww.Rolls-Royce.com\n \n \n \n \n \n \n \n \n \n&...