Babcock and Rolls-Royce, which owned a combined 40 percent of Air Tanker, are both on something of a disposal spree after taking a hefty hit from the pandemic. Rolls-Royce, which has a 23.1 percent stake in the firm, sold its share to asset manager Equitix Investment Management for £189m. And Babcock sold its 15.4 percent stake to the same buyer for £126m. Both firms said that the proceeds from the sale would go towards reducing their net debt. The rest of Air Tanker is still owned by Thales and Airbus. Both Babcock and Rolls-Royce…
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