Bloomberg News

Rolls-Royce Shares Gain on Plan to Exit Engine Joint Venture

October 13, 2011

Oct. 13 (Bloomberg) -- Rolls-Royce Group Plc climbed as much as 9.4 percent in London trading after the U.K. company agreed to sell its share in a jet-engine venture to Pratt & Whitney for $1.5 billion.

The shares traded 9 percent higher at 682 pence as of 8:11 a.m. local time.

To contact the editor responsible for this story: Andrew Noel at anoel@bloomberg.net


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