Rolls-Royce, Babcock sell stakes in AirTanker; Ascential buys OneSpace
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Engine maker Rolls-Royce and defence engineer Babcock said they had sold their stakes in in AirTanker Holdings Limited to Equitix Investment Management.
Rolls-Royce is selling its 23.1% shareholding for £189m and Babcock its 15.4% share for £126m. AirTanker Holdings is an asset joint venture with Airbus, Thales and Rolls-Royce, owning fourteen A330 Voyager aircraft to support air-to-air refuelling, air transport and ancillary services for the UK’s Ministry of Defence.
Specialist information and analytics company Ascential said it has bought OneSpace, a content optimisation business serving brands trading on eCommerce marketplaces, for an undisclosed sum.
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