British engine maker Rolls-Royce
said on Tuesday it had paused the planned sale of its
Bergen Engines to a company controlled by Russia s TMH Group
after Norway intervened. Norway s NSM. | March 9, 2021
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OSLO/LONDON (Reuters) - Norway has suspended the sale of a Norwegian engine maker owned by Rolls-Royce Holdings to a Russian-controlled company while it assesses the security implications for the country s navy and the civilian sector, the government said on Tuesday.
Norway s NSM security agency is assessing the 150 million-euro ($178 million) sale announced on Feb. 4 of Bergen Engines to a company controlled by Russia s TMH Group, NSM and the justice ministry said.
Britain s Rolls-Royce said it was selling Bergen Engines as part of a disposal plan aimed at helping the maker of engines for aircraft and ships survive the pandemic.
Britain s Rolls-Royce named Panos Kakoullis as its new chief financial officer, picking the former head of Deloitte s audit and assurance practice to help steer its cost-cutting and simplification. | February 18, 2021
Rolls-Royce Holdings will name former Deloitte partner Panos Kakoullis as its next chief financial officer, with the appointment to be announced as early as Monday, Sky News reported. | February 17, 2021