--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

 

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(END) Dow Jones Newswires

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

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