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Norway blocks sale of Rolls-Royce’s engine business to Russians

The deal was part of the group’s strategy to raise at least £2bn from disposals by early 2022
March 24, 2021
  • €150m sale of Bergen Engines to TMH blocked on national security grounds
  • Norwegian government says the deal “would have had great military strategic significance for Russia”

Aircraft engine maker Rolls-Royce (RR.) can’t seem to catch a break. The Norwegian government has blocked the sale of its marine engine business, Bergen Engines, to Russian engineering group TMH on national security grounds. Monica Mæland, Norway’s minister of justice and public security, said the €150m (£129m) deal would be formally stopped on Friday.

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