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(Alliance News) - Rolls-Royce Holdings PLC on Monday said it has made an application to list 11.0 million shares to settle its final instalment for the acquisition of aerospace components firm Industria de Turbo Propulsores SA.
Under the agreement of the acquisition, which was completed in 2017, Rolls-Royce would pay SENER Grupo de Ingenieria SA, the sellers of ITP, EUR720.0 million over a two-year period in eight evenly spaced instalments of equal value.
Admission of the shares will become effective on Thursday, Rolls-Royce said.
Shares in Rolls-Royce closed 3.2% higher at 805.60 pence each in London on Monday.
