Home Business NewsBusiness Rolls-Royce in talks to sell Norwegian engine unit to Langley Holdings

Rolls-Royce in talks to sell Norwegian engine unit to Langley Holdings

by LLB Editor
4th Aug 21 2:41 pm

Rolls-Royce has begun talks to sell its Norwegian maritime engine-maker Bergen to UK-based engineering group Langley Holdings.

Reuters reported that Rolls-Royce is looking to raise £2bnfrom disposals by 2022 as part of plans to repair finances which have been battered by the pandemic.

It comes as airlines flew less during the pandemic which led to cutting one of Rolls’s main sources of income.

Rolls-Royce declined to comment on the deal. However, speculation is rife that an announcement is due Thursday when the group is due to publish first-half results.

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