Rolls-Royce completes sale of Energy gas turbine and compressor business
Rolls-Royce has completed a deal announced earlier this year to sell its Energy gas turbine and compressor business to Siemens for a £785m cash consideration.
Aerospace and Defence
10,434.76
17:14 18/04/24
-1.00%
-105.69
FTSE 100
7,877.05
17:14 18/04/24
n/a
n/a
FTSE 350
4,334.00
17:14 18/04/24
n/a
n/a
FTSE All-Share
4,290.02
16:54 18/04/24
n/a
n/a
Rolls-Royce Holdings
402.50p
17:15 18/04/24
0.27%
1.10p
The FTSE 100 group is planning to return the proceeds of the sale to shareholders by way of a £1bn share buyback.
Shares in the company had risen 1.93% to 858.77p by 10:40.