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Rolls-Royce to Sell ITP Aero Unit to Bain for $2 Billion

  • Sale marks milestone as U.K. group says disposals now complete
  • Bain will team with JB Capital and Spanish defense firm Sapa
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Rolls-Royce Holdings Plc agreed to sell its ITP Aero unit in Spain to a group led by Bain Capital for 1.7 billion euros ($2 billion), netting the British jet-engine maker much-needed cash to help it recover from the coronavirus crisis.