The latest London South East Webinar takes place on July 6. Come and hear CEO’s from Orosur Mining, Caledonia Mining, Glantus Holdings and Tekcapital speak. Please register here

Less Ads, More Data, More Tools Register for FREE
Games developer tinyBuild seeks to boost £500 million market cap by becoming a media company
Games developer tinyBuild seeks to boost £500 million market cap by becoming a media companyView Video
Samarkand Group update the market at the London South East Aquis Special webinar
Samarkand Group update the market at the London South East Aquis Special webinarView Video

Latest Share Chat

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

Fri, 7th May 2021 20:18

(Alliance News) - 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; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Related Shares

More News

Berenberg names Rolls Royce 'top pick', operating margins set to grow substantially

(Sharecast News) - Analysts at Berenberg selected Airbus and Rolls Royce as their 'key picks' within civilian aerospace, arguing that the deep restructuring such companies had withstood would drive bigger operating margins within three to five years in comparison to pre-pandemic levels.

15 Jun 21 13:18

LONDON MARKET CLOSE: Oil majors drive FTSE; Johnson to extend lockdown

LONDON MARKET CLOSE: Oil majors drive FTSE; Johnson to extend lockdown

14 Jun 21 16:58

LONDON MARKET CLOSE: Stocks fall after China factory gate prices soar

LONDON MARKET CLOSE: Stocks fall after China factory gate prices soar

9 Jun 21 17:10

TOP NEWS: Rolls-Royce names Croda chair and BHP non-exec as new chair

TOP NEWS: Rolls-Royce names Croda chair and BHP non-exec as new chair

9 Jun 21 08:47

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.