Activist shareholder ValueAct sells entire stake in Rolls-Royce: FT

Industry: Other 2020-08-07

Activist shareholder ValueAct Capital Management has sold its entire stake in British aero-engineer Rolls-Royce Holdings Plc and exited the company almost five years after becoming its biggest shareholder, the Financial Times reported on Friday citing people familiar with the matter.

ValueAct was not immediately available for comment.

In April, ValueAct had cut its stake in Rolls Royce to 4.5% from 9.48%.

Source: Reuters.com

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