French product engineering service provider Assystem has agreed to sell a 60% stake in its Global Product Solutions (GPS) unit to Ardian Capital, a France-based investment company.

The transaction is expected to enhance the GPS division’s growth in the research and development (R&D) outsourcing market, and widen its global reach.

The remaining 40% stake will be retained by Assystem.

Rolls-Royce has been selected by Turkish Airlines to provide support for Trent 700 engines of seven Airbus A330 aircraft.

Under the deal, the contractor will provide its TotalCare service support to improve the reliability of the Trent 700 engines.

France-based ATR Aircraft has executed a term sheet with Indian airline IndiGo for the supply of 50 ATR 72-600 turboprop short-haul regional airliners worth approximately $1.3bn.

The new aircraft are expected to be delivered to the carrier at the end of this year.

"Under the deal, the contractor will provide its TotalCare service support to improve the reliability of the Trent 700 engines."

The carrier aims to expand its regional presence through the acquisition of the aircraft.

UK-based engineering company GKN has raised $389.2m through public offering of international bonds maturing on 12 May 2032.

The bonds carry a coupon rate 3.375% and will have an initial yield of 3.434%.

US-based Kaman Corporation has announced the pricing for its private placement offering of $175m of convertible senior notes.

Due on 1 May 2024, the notes will carry an interest rate of 3.25% a year, payable semi-annually beginning November.

The proceeds from the offering will be used partly to repay existing debt, pay the cost of the capped call transactions, and for general corporate purposes.