Rolls-Royce kicks off disposal plan with nuclear instrument sale

The logo of Rolls-Royce is pictured at the World Nuclear Exhibition (WNE), the trade fair event for the global nuclear community in Villepinte near Paris, France

Britain’s Rolls-Royce said on Monday it had signed a deal to sell its civil nuclear instrumentation and control business for an undisclosed sum, kicking off a plan to raise 2 billion pounds ($2.65 billion) from disposals to recover from the pandemic.

Rolls-Royce said in a statement that it was selling the business, which has operations in France, Czech Republic and China and employs 550 staff, to French engineering company Framatome.

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