Rolls-Royce in talks with sovereign wealth funds to raise £2.5bn | Financial Times

Rolls-Royce in talks with sovereign wealth funds to raise £2.5bn | Financial Times:

Rolls-Royce is in talks with sovereign wealth funds, including Singapore’s GIC, as part of a plan to raise around £2.5bn from investors next month, according to three people with direct knowledge of the matter.  


The UK aero-engine group is working with bankers at Goldman Sachs on the planned equity raise as it looks to become the latest company to tap stock market investors to repair a balance sheet badly damaged by the pandemic. 

The group is aiming to launch the equity raise in the first weeks of October, two of these people said. As part of the talks Rolls-Royce and its bankers are in discussions with multiple sovereign wealth funds including GIC, the state fund of the island-nation where the company has significant operations.

However discussions over the equity raise are ongoing and one person cautioned that the board has been determined to push the decision to the last minute.