SougarLord Posted July 27, 2020 Posted July 27, 2020 (edited) Rolls-Royce is exploring the emergency sale of Spain's ITP Aero, according to The Telegraf. The automaker has entered into initial talks with a venture capital fund to sell this division, maker of Eurofighter parts. Potential buyers include KKR, Blackstone and Carlyle. On the one hand, Rolls-Royce thus tries to collect liquidity to face the economic problems derived from the Covid-19. On the other hand, it tries to face a collapse in the rates it charges for the sale and maintenance of airplanes, derived from the halt in transport. Rolls-Royce CEO Warren East had said he is considering all fundraising options after cutting 9,000 jobs globally. The company has hired Lazard and Goldman Sachs as advisers to the operation. Rolls-Royce already tried to part with its subsidiary in Spain last year. He negotiated exclusively with Indra, but the talks did not come to fruition. ITP Aero's valuations were then around 1.5 billion. Edited July 29, 2020 by Dr.Drako Closed Topic / Complete 24 hours.
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