ValueAct, a San Francisco-based investment company with more than $16 billion of assets under management, has sold all its shares it Rolls-Royce, according to a report on the Financial Times website.
ValueAct is said by Reuters to have at one stage held almost 10 percent of Rolls-Royce entire stock, which currently capitalizes at approximately $6.3 billion.
One of the most famous names in the industry, Rolls-Royce is one of the world’s leading suppliers of aircraft engines. [Read more…] about Big investor dumps all its Rolls-Royce stock
