--British aircraft engine maker Rolls-Royce Holdings PLC plans a rights issue of up to 1.5 billion pounds ($1.94 billion) to strengthen its balance sheet, Reuters reports, citing four unnamed sources.

--Rolls-Royce is expected to offer new shares to investors at a discount to the market price, Reuters reports.

--The company is in talks with BNP Paribas, Morgan Stanley and Jefferies about the share sale, according to Reuters.

Full story: https://reut.rs/3jPMMEb

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

July 29, 2020 08:46 ET (12:46 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Rolls Royce (PK) (USOTC:RYCEY)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Rolls Royce (PK) Charts.
Rolls Royce (PK) (USOTC:RYCEY)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Rolls Royce (PK) Charts.