Rolls-Royce in talks with Singapore’s GIC, other sovereign wealth funds to raise £2.5 billion

Britain’s Rolls-Royce Holdings is reportedly in talks with sovereign wealth funds, including Singapore’s GIC, to raise £2.5 billion (S$4.4 billion) as it aims to strengthen its balance sheet. Rolls-Royce had earlier on slashed 9,000 jobs in May as part of its major restructure. The Financial Times reported on Saturday (19 Sept) that the aero-engine group … Read more