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Share Price: 440.50

Bid: 440.40

Ask: 440.50

Change: 0.10 (0.02%)

Spread: 0.10 (0.023%)

Open: 437.00

High: 442.10

Low: 435.90

Prev. Close: 440.40

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PRESS: Rolls-Royce restarts Bergen sale process after Norway veto

Fri, 07th May 2021 20:18

(Alliance News) -Â Rolls-Royce Holdings PLC has restarted the auction of its Bergen Engines unit after the Norwegian government blocked the sale on national security concerns, Sky News reported on Friday.

Sky has learnt that the jet engine maker has asked potential bidders to table indicative offers later this month in a fresh push to divest the business.

https://news.sky.com/story/rolls-royce-restarts-bergen-sale-after-norwegian-state-veto-12299671

Rolls-Royce back in March vowed to "swiftly find another option" after the Norwegian government put the brakes on the proposed sale of the Bergen unit.

Norway's army is among Bergen's customers. Rolls-Royce announced in early February that it would sell Bergen for EUR150 million to TMH Group, a privately owned company headquartered in Russia that makes locomotives and rail equipment.

Shares in Rolls-Royce closed up 3.2% at 106.74 pence in London on Friday.

By Lucy Heming;Â lucyheming@alliancenews.com

More News

4 Dec 2023 07:55

JP Morgan upgrades Rolls-Royce to 'overweight'

(Sharecast News) - JP Morgan has upgraded its rating for aerospace engineer Rolls-Royce from 'neutral' to 'overweight' and hiked its target price for the stock from 235p to 400p.

29 Nov 2023 15:49

DIRECTOR DEALINGS: Rolls-Royce director buys after strategy update

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

28 Nov 2023 16:54

LONDON MARKET CLOSE: European stocks perk up but end day mixed

(Alliance News) - European equities closed off session lows during a mixed day on Tuesday, while stocks in New York went into the afternoon in the green, as comments from Federal Reserve officials cemented expectations that the US central bank has already enacted its last hike of the cycle.

28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

28 Nov 2023 12:04

LONDON MARKET MIDDAY: Equities fall but pound still sits above USD1.26

(Alliance News) - Stock prices in Europe were lower on Tuesday afternoon, as sentiment continues to to-and-fro between risk-on and risk-off, with remarks from central bankers in focus.

28 Nov 2023 09:28

TOP NEWS: Rolls-Royce could exit Electric as lays out 2027 targets

(Alliance News) - Rolls-Royce Holdings PLC on Tuesday said it planned to exit Rolls-Royce Electric in the short run or reduce its position to a minority stake, as it laid out its mid-term targets.

28 Nov 2023 08:53

LONDON MARKET OPEN: Stocks slide in Europe; Rolls-Royce outperforms

(Alliance News) - Stock prices in London opened in the red on Tuesday, amid a lack of strong positive catalysts to provide momentum.

28 Nov 2023 07:48

Rolls-Royce takes wraps off mid-term financial targets

(Sharecast News) - Rolls-Royce unveiled its mid-term financial targets on Tuesday, aimed at ushering in a significant transformation in its performance.

28 Nov 2023 07:42

LONDON BRIEFING: Rolls-Royce plans disposals, sets out 2027 targets

(Alliance News) - Stocks in London are called lower on Tuesday, with a stronger pound likely to weigh on the FTSE 100.

27 Nov 2023 08:14

Beijing court begins compensation hearings for MH370 victims

(Alliance News) - A Beijing court on Monday began hearing compensation cases filed by the families of dozens of Chinese people who died on board a Malaysia Airlines flight that disappeared almost 10 years ago.

26 Nov 2023 20:42

Sunday newspaper round-up: Rolls-Royce, Minimum wage, Metro Bank

(Sharecast News) - Rolls-Royce chief Tufan Erginbilgic is expected to push for government backing for the company's small modular reactors. The engineer has already received approximately £200m in government funding and has a lead on its domestic and foreign rivals, but Erginbligic is worried that they might catch up. The government's lukewarm attitude may also make potential foreign buyers hesitate. - The Financial Mail on Sunday

17 Nov 2023 09:55

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Rolls-Royce Share News (RR.)

Share Price Information for Rolls-Royce (RR.)

PRESS: Rolls-Royce restarts Bergen sale process after Norway veto

JP Morgan upgrades Rolls-Royce to 'overweight'

DIRECTOR DEALINGS: Rolls-Royce director buys after strategy update

LONDON MARKET CLOSE: European stocks perk up but end day mixed

London close: Stocks slip after mountain of broker notes

LONDON MARKET MIDDAY: Equities fall but pound still sits above USD1.26

TOP NEWS: Rolls-Royce could exit Electric as lays out 2027 targets

LONDON MARKET OPEN: Stocks slide in Europe; Rolls-Royce outperforms

Rolls-Royce takes wraps off mid-term financial targets

LONDON BRIEFING: Rolls-Royce plans disposals, sets out 2027 targets

Beijing court begins compensation hearings for MH370 victims

Sunday newspaper round-up: Rolls-Royce, Minimum wage, Metro Bank

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

LONDON MARKET CLOSE: Stocks up as investors hope US rates have peaked

LONDON MARKET CLOSE: Stocks mixed; Powell gives little about rates

LONDON BROKER RATINGS: UBS downbeat on AJ Bell and Hargreaves Lansdown

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Share Price Information for Rolls-Royce (RR.)

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