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Business & Finance

Rolls-Royce kicks off disposal plan with nuclear instrument sale

  • Rolls-Royce said in a statement that it was selling the business, which has operations in France, Czech Republic and China and employs 550 staff, to French engineering company Framatome.
Published December 7, 2020 Updated December 7, 2020 04:17pm
By

LONDON: Britain's Rolls-Royce said on Monday it had signed a deal to sell its civil nuclear instrumentation and control business for an undisclosed sum, kicking off a plan to raise 2 billion pounds ($2.65 billion) from disposals to recover from the pandemic.

Rolls-Royce said in a statement that it was selling the business, which has operations in France, Czech Republic and China and employs 550 staff, to French engineering company Framatome.

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