Rolls-Royce has finally confirmed it is considering an equity capital raising of up to £2 billion and this "news" has made the front pages of national newspaper business sections, such as The Times. Below is the link to the piece in The Times:
Posts tagged: Rolls Royce
Betaville is placing Rolls-Royce (no pun intended) on the ""cash calls - who is next?" list.
Now, readers might be asking why given the lockdowns are ending and stockmarkets are recovering.
Well, some very large and influential institutional investors suggested to little old Betaville an equity capital raising at Rolls-Royce is likely in the next few months...
An investment group founded by Norwegian billionaire hedge fund manager Nicolai Tangen is said to be looking to sell around £300 million of stock in FTSE 100-listed Rolls-Royce through a secondary share sale.
Earlier today rumours whipped round the London market that Rolls-Royce, the aircraft engineering group, was likely to see a major placing - although it wasn't clear whether it was a primary or secondary sale of shares...
Rolls-Royce, the FTSE 100-listed aircraft engine maker, is likely to see a placing of a large chunk of shares.
However, it's not clear whether the placing is a primary or a secondary placing of stock.
People following the situation said Rolls-Royce is working with Morgan Stanley on the deal, which is being carried out by an accelerated book build.
The transaction is likely to be announced imminently, said people following the situation...