Rolls-Royce seeks £2.5bn to rev up its balance sheet
Aircraft-engine maker in talks with sovereign wealth funds to attract investments
20 September 2020 - 18:24
New York — Rolls-Royce says it may raise as much as £2.5bn as it weighs options to boost its balance sheet.
The British maker of aircraft engines is in talks with sovereign wealth funds, including Singapore’s GIC, as it turns to investors for the funds next month, the Financial Times reported, citing three people with direct knowledge of the matter. The company is working with Goldman Sachs on the planned equity raise, it added...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.