Norway Blocks Rolls-Royce’s Plan to Sell Bergen Engines to Russian Firm

Home Community Industry News Norway Blocks Rolls-Royce’s Plan to Sell Bergen Engines to Russian Firm

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    Greensea Systems
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    Norway will block Rolls-Royce from selling a Norwegian maritime engine maker to a Russian company on national security grounds, its justice minister told parliament on Tuesday.

    Based on Norway’s west coast, and owned by Britain’s Rolls-Royce for more than 20 years, Bergen Engines supplies NATO member Norway’s navy as well as the global shipping industry.

    The blocking of the sale is a blow for Rolls-Royce, which is aiming to raise 2 billion pounds ($2.76 billion) from disposals by 2022 as part of its plan to survive the pandemic.

    Norway on March 9 said it had temporarily suspended the 150 million euros ($178 million) sale to TMH Group while it assessed security implications.

    Read more by visiting MarineLink.com

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