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Rolls-Royce sells stake in refuelling jets unit AirTanker for $261 million

LONDON (Reuters) - British engineering company Rolls-Royce (OTC:RYCEY) said it agreed to sell its 23.1% stake in AirTanker Holdings, the owner of 14 A330 refuelling jets, for 189...
Rolls-Royce sells stake in refuelling jets unit AirTanker for $261 million © Reuters. FILE PHOTO: A Rolls-Royce logo is seen at the company's aerospace engineering and development site in Bristol, Britain, December 17, 2015. REUTERS/Toby Melville/File Photo

LONDON (Reuters) - British engineering company Rolls-Royce (OTC:RYCEY) said it agreed to sell its 23.1% stake in AirTanker Holdings, the owner of 14 A330 refuelling jets, for 189 million pounds ($261 million), in its latest disposal aimed at reducing debt.

The aero-engine maker wants to sell 2 billion pounds worth of assets to help repair its balance sheet after the pandemic.

Rolls said after the planned sale to Equitix Investment Management Limited, it would continue to be a 23.5% shareholder in AirTanker Services, which operates the 14 refuelling and transport jets that are mainly used by Britain's Ministry of Defence.

AirTanker Holdings is a joint venture between Airbus, Babcock, and Thales.

($1 = 0.7234 pounds)

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28-09-2021 20:53:02 (UTC+7)

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 EUR/USD1.1674↑ Sell
 GBP/USD1.3534↑ Sell
 USD/JPY111.60↑ Buy
 AUD/USD0.7235↑ Sell
 USD/CAD1.2684↑ Buy
 EUR/JPY130.28↑ Buy
 EUR/CHF1.0855↑ Buy
 Gold1,731.65↑ Sell
 Silver22.282↑ Sell
 Copper4.2488↑ Sell
 Crude Oil WTI75.77↑ Sell
 Brent Oil78.99↑ Sell
 Natural Gas6.046↑ Buy
 US Coffee C196.65Neutral
 Euro Stoxx 504,084.95↑ Sell
 S&P 5004,390.94↑ Sell
 DAX15,331.25↑ Sell
 FTSE 1007,038.46↑ Sell
 Hang Seng24,500.39↑ Buy
 Small Cap 20002,260.50↑ Sell
 IBEX 358,849.50↑ Sell
 BASF64.920↑ Sell
 Bayer47.44↑ Sell
 Allianz195.15↑ Sell
 Adidas270.15↑ Sell
 Lufthansa6.460↑ Sell
 Siemens AG143.05↑ Sell
 Deutsche Bank AG11.072↑ Sell
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