Norway may block Rolls-Royce sale of Bergen Engines to Russia’s TMH
Security agency considers if sale could jeopardise national security interests
Bergen Engines is, among other things, a supplier to Nato member Norway’s navy. Photograph: Rolls-Royce plc Flickr
Norway’s NSM security agency may block a planned €150 million sale by Rolls-Royce of its Bergen Engines unit to a company controlled by Russia’s TMH Group, the justice ministry said in a statement on Tuesday.
Britain’s Rolls-Royce announced the planned sale on February 4th as part of a disposal plan aimed at helping the maker of engines for aircraft and ships survive the pandemic.
Bergen Engines is, among other things, a supplier to Nato member Norway’s navy.
“It may be that a sale of Bergen Engines AS to TMH Group could jeopardise national security interests,” justice minister Monica Maeland said.
“It is therefore necessary to pause this process to establish a sufficient basis of facts on which to consider the transfer,” she said. – Reuters