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Turkey's Kale Group says to set up JV with UK's Rolls-Royce

Reuters - UK Focus

ISTANBUL, May 8 (Reuters) - Turkey's Kale Group will set up a joint venture company with UK-based engineering firm Rolls-Royce to develop aircraft engines, the company said on Monday.

Kale will hold 51 percent stake in the joint venture, while Rolls-Royce will have the rest. Kale Group is a provider of structural components, assemblies and kits to the aerospace industry, according to its web site.

(Reporting by Can Sezer; Writing by Humeyra Pamuk; Editing by David Dolan)