14th Jun 2019 13:29
(Alliance News) - Jet engine maker Rolls-Royce Holding PLC confirmed Friday it has received "preliminary and conditional" interest in Spanish subsidiary ITP Aero.
The jet engine maker said Spanish information technology and defence systems firm Indra Sistemas SA has lodged an interest in Rolls-Royce's majority stake in ITP Aero.
"This indication of interest is subject to a number of conditions. There is no certainty that this will result in a transaction involving ITP Aero," the company said.
Rolls-Royce added: "ITP Aero is a key partner for Rolls-Royce, and Rolls-Royce intends to retain a long-term relationship with the business across its Civil Aerospace and Defence programmes."
Shares in Rolls-Royce were down 0.2% Friday at 895.00 pence each.
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