|Master Investor Magazine
Never miss an issue of Master Investor Magazine – sign-up now for free!
FTSE 100 engine manufacturer Rolls-Royce (LON:RR.) has completed the sale of its commercial marine division today with estimated net proceeds of £350-400 million. During 2018, the division reported revenues of £725 million and an underlying loss of £35 million.
Rolls-Royce will continue to operate in the high speed commercial marine market through its MTU brand and Bergen Engines operation.
The price of Rolls-Royce shares rose by 1.68% to 918.40p (as of 15:45 GMT).
The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.
Book your FREE tickets today using code: MIBLOG