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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: 406.50
Bid: 408.40
Ask: 408.70
Change: 0.00 (0.00%)
Spread: 0.30 (0.073%)
Open: 0.00
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Low: 0.00
Prev. Close: 406.50
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Rolls-Royce sells Bergen Engines for 150 mln euros to Russia's TMH

Thu, 04th Feb 2021 10:23

LONDON, Feb 4 (Reuters) - Britain's Rolls-Royce said
it agreed to sell its Bergen Engines unit to Russia-based TMH
Group for 150 million euros ($180 million), making initial
progress with a disposal plan aimed at helping it survive the
pandemic.

The aero engines-maker is aiming to raise 2 billion pounds
in total from asset sales, and the disposal of Norwegian-based
Bergen announced on Thursday follows that of another small
business, its civil nuclear instrumentation unit, last December.

($1 = 0.8342 euros)
(Reporting by Sarah Young; editing by Michael Holden)

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CORRECT: Rolls-Royce sells unit as focuses on markets where "can win"

(Correcting to clarify that Rolls-Royce Holdings PLC has sold the business.)

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