About: http://data.cimple.eu/news-article/9e714a95a85571eca72de920b9292772f134fb39782eb16caf041861     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Rolls-Royce said Tuesday it had halted its planned sale of a Norwegian engine maker to a Russian company, after Norway said it might exercise a veto in the name of national security. Rolls-Royce announced in early February that it would sell Bergen Engines for around 150 million euros ($179 million) to TMH Group, a privately owned company headquartered in Russia that makes locomotives and rail equipment. But Norway's government said the Norwegian National Security Authority had informed the UK aerospace company that the authority was "considering if the planned sale of Bergen Engines AS to TMH group should be stopped in accordance with the security act." Bergen Engines, which employs 950 people, has been part of Rolls-Royce since 1999, servicing engines for Norwegian Navy vessels and, according to local media reports, for the top-secret intelligence gathering ship Marjata. "The government has been studying this matter for the last month, and can't rule out that the sale of Bergen engines to TMH Group could pose risks to national security interests," Justice Minister Monica Maeland said in a statement. "There is therefore a need to halt this process to gather sufficient information to evaluate the transaction," she added. The centre-right government has been under pressure by the opposition in recent days over the security implications of the deals. In a comment to AFP, Rolls-Royce it had complied with the government's demands. "We alerted the Government in the proper way before announcing the sale of Bergen Engines. We understand, however, that the Norwegian Government now wishes to further investigate the deal and Rolls-Royce will cooperate in any way we can with that review," Rolls-Royce spokesman Richard Wray said in an email to AFP. "As requested, we have paused the sales process," Wray added. Wray also noted that the sale of Bergen Engines was "only a very small part" of the two billion pound ($2.8 billion, 2.3 billion euros), divestment programme announced last August to strengthen the company's finances. phy/clp/jll/rl
schema:headline
  • Rolls-Royce halts unit sale over Norwegian security concerns
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software