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Rolls-Royce planning to sell diesel and gas engine unit

1 min read | November 02, 2020 12:49 PM GMT | By Team Kalkine Media
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  • Rolls-Royce Holdings Plc (LON: RR.) has appointed professional services network Deloitte to manage the sale of its unit Bergen.
  • The sale of the diesel and gas engine division is reportedly going to fetch up to £100 million and could help the engineering giant to bolster its finances.
  • The deal, which is said to happen in early next year, could see Germany’s MAN SE and Finland’s Wartsila Oyj as potential buyers.
  • Rolls-Royce’s Bergen unit is into production of engines that make electricity to power ships.
  • On 2 November 2020, the stocks of Rolls-Royce declined by 1.66% from its previous closing, hovering at around GBX 70.14 at 09:39 AM GMT+1.

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