24 Jul 2019 17:08
24 July 2019
ROLLS-ROYCE CONFIRMS TERMINATION OF DISCUSSIONS
IN RELATION TO ITP AERO
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On 14 June, Rolls-Royce announced that it had received a preliminary and conditional indication of interest from Indra to acquire a majority stake in ITP Aero.
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Rolls-Royce confirms that discussions with Indra have ended without agreement between the parties.
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ITP Aero will remain a separately reported business segment and a core part of Rolls-Royce.
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About Rolls-Royce Holdings plc
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1. Rolls-Royce pioneers cutting-edge technologies that deliver clean, safe and competitive solutions to meet our planet's vital power needs.
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2. 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.
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3. Annual underlying revenue was £15 billion in 2018, around half of which came from the provision of aftermarket services.
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4. 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.
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5. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.
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For further information, please contact:
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Jennifer Ramsey
Head of Investor Relations
Tel +44 (0) 7825 903206
jennifer.ramsey@rolls-royce.com
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Richard Wray
Director of External Communications & Brand
Rolls-Royce plc
Tel: +44 (0) 7974 918416
richard.wray@rolls-royce.com