Rolls-Royce unveils its £ 7 billion bailout. – The echoes

Posted on Oct 1, 2020 at 12:08 p.m.Updated Oct 1, 2020, 1:31 PM

To save the last flagship of British aeronautics, the shareholders of Rolls-Royce and the public authorities will have to take out the big check books. The aircraft engine and turbine manufacturer's bailout, unveiled Thursday morning, will require up to £ 5bn of cash injection (€ 5.48bn), in the form of loans, issues new shares and convertible bonds, to which will be added £ 2 billion in asset sales. That is to say 7 billion pounds in total, not counting the savings generated by the loss of more than 9,000 jobs, out of a total of 52,000 before the crisis.

The shareholders solicited

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