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Kalkine Media ASX Share Market News & Research

Rolls-Royce (LON: RR.) to sell nuclear instrument business to French firm

December 08, 2020 10:58 AM GMT | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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Rolls-Royce Holdings Plc (LON: RR.) has said that it will sell its civil nuclear instrumentation and control business to France-based Framatome, which is into the nuclear reactor business, for an undisclosed amount.

  • The plane engine maker wants to raise over £2 billion ($2.7bn) from this deal in a bid to fight the pandemic crisis.
  • The I&C business covers entire Rolls-Royce activities and its teams based in France, the Czech Republic and China.
  • Rolls-Royce has confirmed that the deal will not impact any of its UK-based employees, and the sale will not include the UK civil nuclear business.
  • The stocks of the company on 8 December 2020, traded lower by 1.75% from its previous closing, hovering at around GBX 129.10 at 10:22 AM GMT+1.

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