Despite media speculation mounting over the interest of sovereign wealth funds including Singapore’s GIC and now Kuwait’s Investment Office, Rolls-Royce issued a statement on Friday (September 25) that denies any immediate plans to raise equity capital.
The aero engine manufacturer stated that it continues: “to review all funding options to enhance balance sheet resilience and strength. No final decisions have been taken as to whether or when to proceed with any such options, the precise amount that may be raised, or any allotment of shares to any investor including any sovereign wealth fund.”
Sky News reported on Friday that the Kuwait Investment Office has entered talks with Rolls-Royce’s investment advisers, with other media outlets reporting that other sovereign wealth funds had been approached to determine their interest in the UK firm.
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