Activist shareholder, ValueAct Capital Management sells all stakes in Rolls-Royce

(Reuters) – Activist shareholder ValueAct Capital Management has sold its entire stake in British aero-engineer Rolls-Royce Holdings Plc (RR.L) and exited the company almost five years after becoming its biggest shareholder, the Financial Times reported on.ft.com/33zkAjb on Friday citing people familiar with the matter.

ValueAct was not immediately available for a comment.

In April, ValueAct had cut its stake in Rolls Royce to 4.5% from 9.48%.

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