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Pin to quick picksRolls-Royce Share News (RR.)

Share Price Information for Rolls-Royce (RR.)

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Share Price: 418.10
Bid: 416.80
Ask: 417.00
Change: 0.00 (0.00%)
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Rolls-Royce pauses Bergen sale after Norwegian intervention

Tue, 09th Mar 2021 09:49

LONDON, March 9 (Reuters) - British engine maker Rolls-Royce
said on Tuesday it had paused the planned sale of its
Bergen Engines to a company controlled by Russia's TMH Group
after Norway intervened.

Norway's NSM security agency is assessing the 150 million
euro ($178 million) sale as it reviews the security implications
of a change of owner for the supplier to the country's navy.

A spokesman for Rolls said it had alerted the government in
the proper way before announcing the sale of Bergen Engines.

"We understand, however, that the Norwegian Government now
wishes to further investigate the deal and Rolls-Royce will
co-operate in any way we can with that review. As requested, we
have paused the sales process," he said.
(Reporting by Kate Holton; editing by William James)

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