Rolls-Royce ends talks with Singapore, Kuwait funds: Sky

Rolls-Royce Holdings Plc ended talks to raise 500 million pounds ($881.79 million) from sovereign funds in Singapore and Kuwait and will instead seek to raise 2 billion pounds from existing shareholders, Sky reported.

Current owners opposed the dilution that would occur bringing outside investors into the 2.5 billion-pound fundraising effort, the outlet reported, citing a person familiar with the matter.

The U.K. maker of aircraft engines is likely to unveil a financing package as soon as Thursday that also includes additional borrowing power, Sky said.