Rolls Royce in talks for sale of ITP to Bain Capital and Sener

(Sharecast News) - Rolls Royce will sell Spanish jet engine maker ITP Aero to US private equity outfit Bain Capital and Spanish aerospace company Sener for €1.6bn.
According to Spanish financial daily Expansion, the decision was taken after Madrid and authorities in the Basque autonomous region expressed a preference for the US firm's offer.

Bain was now also reportedly preparing to sign a two-month agreement with Rolls Royce to hold exclusive talks.

As part of the deal, Sener, whose headquarters were also located in the Basque country, would participate in Bain's offer.