Rolls-Royce Adjusts Focus With ITP Sale

A consortium led by Bain Capital Private Equity agreed to pay roughly $2 billion for 100% of the Spanish company.
Credit: ITP Aero
Rolls-Royce has achieved a major step in the restructuring of its manufacturing operations by agreeing to the sale of Spanish subsidiary ITP Aero. Late last year the British engine OEM said it would transfer some of its aero-engine parts and structures manufacturing from UK facilities to ITP ahead...

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