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Rolls-Royce relaunches sale of Norway based Bergen

Rolls-Royce relaunches sale of Norway based Bergen

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Thursday, March 23, 2023
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Rolls-Royce relaunches sale of Norway based Bergen

Rolls-Royce relaunches sale of Norway based Bergen

Roll-Royce is a well-versed British engineering company. Its Norwegian maritime engine unit Bergen is back on the block. And also, this happened in less than two months after Norway blocked a previous deal for it to be bought by a Russian company.

The sale process has also restarted now. Norway had already stopped Rolls-Royce from selling Bergen for 150 million euros to a company controlled by Russia’s TMH Group on national security grounds. This took place in regard to the blow to the British company’s disposal program.

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By 2022, Rolls-Royce is aiming to raise 2 billion pounds ($2.82 billion) from disposals.  This is as a part of plans to repair finances which have been battered by the pandemic, as airlines stopped flying during the pandemic.

The sale of Bergen is now underway at the same time as the sale of Rolls’s Spanish unit ITP Aero. The company is now hoping that it will go for up to 1.5 billion euros. Rolls-Royce could provide more details of the two sale processes.

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Data shows that US inflation cooling

Household wealth anticipation has declined, claim by global poll

Support measures push Japanese corporate bankruptcies to 50 year low

How is the bond yield controlled in Japan?

BOJ’s Kuroda signals readiness to extend pandemic-aid scheme

Policy takes the u-turn; BoJ’s yield curve may slip

Asia shares falls on worries over inflation, Fed outlook

Stocks are calm ahead of a possible CPI hurricane

Artificial intelligence to take on the Aviation industry too

Normalcy wished to revert to airlines after FFA blackout

Dollar dented as consumer sentiment dives

Dollar declines on expectations of weaker US rate increases and China’s resumption

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  • Household wealth anticipation has declined, claim by global poll
  • How is the bond yield controlled in Japan?
  • Policy takes the u-turn; BoJ’s yield curve may slip
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  • Normalcy wished to revert to airlines after FFA blackout

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