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BRIEFLY

October 02, 1987

Rolls-Royce said some of its overseas investors probably will have to sell their shares because foreigners now control more than 15% of the recently privatized aero-engine maker, violating a British government ceiling. The government set the 15% limit in May, when Rolls-Royce shares were sold to the public, to prevent overseas investors from gaining too much control of the company, a major defense contractor that makes jet engines for military customers as well as commercial aircraft. Rolls-Royce said 21% of its shares are owned by foreigners.

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