(Alliance News) - Rolls-Royce Holdings PLC has picked a UK government contractor as the preferred bidder for its maritime engine manufacturing arm after an earlier sale to a Russian group was vetoed by Norwegian politicians, Sky News reported on Tuesday.
According to Sky, Rolls-Royce is trying to finalise the sale of Bergen Engines to Langley Holdings, a Nottinghamshire-based industrial conglomerate, ahead of its half-year results on Thursday and is in advanced stages of the negotiations.
The stock closed down 0.3% at 103.14 pence in London on Tuesday.
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