Rolls-Royce To Sell ITP Aero To Spanish Consortium

Credit: Cristina Arias/Cover/Getty Images
LONDON—Rolls-Royce is to dispose of Spanish aero-engine company ITP Aero to a Bain Capital Private Equity-led consortium for €1.7 billion ($2 billion). The sell-off of ITP has been at the top of a list of potential asset disposals as Rolls-Royce looks to rebuild its balance sheet following the...

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