Rolls-Royce bulks up ITP arm for a sale

Rolls-Royce is dressing up its Spanish ITP division for sale by bundling it with other businesses, in an attempt to attract a higher price and stave off a coronavirus cash crunch. The engineer is in talks with private equity houses about a deal to offload ITP, whose products have included parts for the Eurofighter Typhoon jet engines, but is understood to be trying to bulk up the division to make it a more tempting purchase. Options being considered include wrapping in engine components currentl