Rolls-Royce says no final decision on potential stakes
Reuters
Published Sep 25, 2020 17:41
Updated Sep 25, 2020 23:05
(Reuters) - Rolls-Royce (L:RR) said on Friday that no final decision had been made on allotting shares to potential investors, "including any sovereign wealth fund", as the British engineering firm was still reviewing all available funding options.
The statement follows a Sky News report that Kuwait's state fund was in talks for a stake in the company after the maker of Trent engines said it was considering a rights issue of up to 2.5 billion pounds ($3.2 billion).
Rolls-Royce, hit hard by the COVID-19 pandemic, had confirmed the equity raise this week in response to media reports that followed months of speculation about its finances.
($1 = 0.7872 pounds)
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Written By: Reuters
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