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

Share Price Information for Rolls-Royce (RR.)

London Stock Exchange
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Share Price: 418.10
Bid: 416.80
Ask: 417.00
Change: 11.60 (2.85%)
Spread: 0.20 (0.048%)
Open: 412.20
High: 418.10
Low: 408.50
Prev. Close: 406.50
RR. Live PriceLast checked at -

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Rolls-Royce to sell Bergen Engines to Russia's TMH for €150m

Thu, 04th Feb 2021 10:17

(Sharecast News) - Rolls-Royce has agreed to sell the Bergen Engines medium speed gas and diesel engines business to Russian engineering company TMH Group for about €150m.
The agreement follows a strategic review of the business that was announced last February. The sale includes the medium speed engine factory, service workshop and foundry in Norway; engine and power plant design capability; and a global service network spanning more than seven countries.

The engine maker's chief executive officer, Warren East, said: "We believe that this agreement is a good outcome for the Bergen Engines business and its people. The sale of Bergen Engines is a part of our ongoing portfolio evaluation to create a simpler, more focused group and contributes towards our target to generate at least £2bn from disposals, as announced in August."

The transaction is expected to close in the second half of this year.
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Sunday newspaper round-up: Battery Technologies, Rolls Royce, Energy bills

(Sharecast News) - Britain needs to invest in key battery technologies in order to avoid becoming dependent on countries like China in the energy transition, the head of the Faraday Institution said. The country required "sovereign capabilities" and its own supply chains, she said. Her remarks followed Tata's announcement that it would construct a £4bn battery gigafactory in Sommerset after securing £500m of subsidies from the government. - Sunday Telegraph

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WPP slides after FY guidance cut

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