Rolls-Royce settles bribery probes in UK, US and Brazil

London

BRITISH engineering group Rolls-Royce Plc said on Monday that it had reached settlements with authorities in Britain, the United States and Brazil relating to bribery and corruption involving intermediaries, which would result in a series of payments totalling £671 million (S$1.16 billion).

Rolls also said in a statement that it would report its financial results for 2016 on Feb 14 when "an appropriate update on the implications of these agreements will be provided at that time".