Kuwaiti state fund in talks to buy Rolls-Royce stake

Kuwaiti state fund in talks to buy Rolls-Royce stake

Kuwait's sovereign wealth fund is in talks to buy a stake in Rolls-Royce Holdings as one of Britain's most important industrial groups scrambles to raise billions of pounds of new funding.Sky News has learnt that the Kuwait Investment Office (KIO), which is part of the Gulf state's state investment vehicle, is negotiating over a deal as part of a potential £2.5bn cash call.

Sources said on Friday that Rolls-Royce was in talks with the KIO - a London-based arm