Companies

Rolls-Royce confirms interest from Spain's Indra for ITP Aero

Credit: REUTERS/BENOIT TESSIER

Rolls-Royce Holdings Plc on Friday confirmed it received a preliminary and conditional indication of interest from Spain's Indra Sistemas SA for a majority stake in the British engine maker's Spanish business ITP Aero.

June 14 (Reuters) - Rolls-Royce Holdings Plc RR.L on Friday confirmed it received a preliminary and conditional indication of interest from Spain's Indra Sistemas SA IDR.MC for a majority stake in the British engine maker's Spanish business ITP Aero.

Rolls-Royce has a 53.1% stake in Industria de Turbo Propulsores SA (ITP Aero), which it bought from privately owned SENER Grupo de Ingeniería SA for 720 million euros ($811.01 million) in 2017.

($1 = 0.8878 euros)

(Reporting by Shashwat Awasthi in Bengaluru Editing by Saumyadeb Chakrabarty)

((Shashwat.Awasthi@thomsonreuters.com; within U.S.+1 646 223 3403; outside U.S. +91 80 6749 3403; Reuters Messaging: shashwat.awasthi.thomsonreuters.com@reuters.net))

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