LONDON, June 04 (Reuters): Britain's Rolls-Royce said it had completed the sale of Germany-based diesel parts maker L'Orange to US-based engineering company Woodward Inc.
The net proceeds will total euros 673 million.
Rolls-Royce sold the business as part of a plan to simplify its operations.
The proceeds compared to the euros 700 million sale figure the company gave at the time when the disposal was announced in April.
"Net proceeds totalled 673 million euros after transaction costs and other adjustments and included a cash contribution reflecting 2018 trading prior to the date of completion," Rolls said in a statement on Monday.
Rolls-Royce completes sale of L'Orange
FE Team | Published: June 04, 2018 22:35:19
Rolls-Royce completes sale of L'Orange
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