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This Thursday Viscofan has successfully completed the tests to use green hydrogen as fuel in one of the cogeneration engines located in...
Sales and service center will support Latin America
By David Kaminski-Morrow2021-08-04T07:23:00+01:00 Rolls-Royce is progressing with its strategy to raise some £2 billion from divestments, having agreed to sell a non-core Norwegian gas and diesel powerplant business to engineering group Langley Holdings. The sale of Bergen Engines – which has strong links to Kongsberg Maritime – has been achieved five months after the Norwegian government interrupted a previous planned sale to TMH Group. Norway’s government blocked the sale at the end of March this year over TMH Group’s links with Russian entities, citing the need to ensure that na...
MURPHY'S LAW: Norway Says No May 13, 2021: In early 2021 Norway blocked British firm Rolls-Royce from selling Bergen Engines, a Norwegian firm Rolls Royce bought in the 1990s. Rolls-Royce kept Bergen Engines in Norway, where it was a major producer of maritime engines. A Norwegian court backed the ban of the sale, that would provide Rolls-Royce with $178 million of the $2.7 billion it was seeking to obtain by selling off assets to help it survive the covid19 recession that had reduced its sales and threatened the entire firm. The Bergen Engine was to be...
Will the Rolls-Royce share price bounceback in 2021? More on: With a 12% fall in the Rolls Royce (LSE: RR) share price in the past three weeks, this question comes up yet again. The Rolls-Royce share price has seen plenty of ups and downs in the past year (though it’s up almost 9.5% over 12 months) given the company’s heightened sensitivity related to all sorts of developments from vaccines to its own finances. Why did the share price fall? The Rolls-Royce share price fall coincided with the Norwegian government stopping the sale of its marine engines manufacturer, Bergen Engines, to...