Deals
MTU Aero Said to Consider Bid for Rolls-Royce’s Spanish Unit ITP
- German engine maker faces competition from buyout firms
- Rolls seeks to raise over 2 billion pounds from asset sales
Photographer: Brent Lewin/Bloomberg
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MTU Aero Engines AG is exploring a bid for ITP Aero, the Spanish aircraft parts supplier being sold by Rolls-Royce Holdings Plc, people familiar with the matter said.
The German engine manufacturer, which is working with advisers, would face stiff competition from several private equity firms, the people said. Rolls-Royce is launching the sale this week, according to the people, who asked not to be identified because discussions are private.