LONDON-- Engineer Avingtrans PLC (AVG.LN) Friday said it has agreed to acquire Rolls-Royce Holdings PLC's (RR.LN) pipe manufacturing businesses in Nuneaton, U.K. and Xi'an, China for 3.5 million pounds ($5 million).

Shares at 0910 GMT, up 1 pence, or 1%, at 106 pence valuing the company at GBP29.4 million.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

January 29, 2016 04:28 ET (09:28 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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