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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

Tue Mar 9 2021 - 07:23

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.

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“It is therefore necessary to pause this process to establish a sufficient basis of facts on which to consider the transfer,” she said. – Reuters

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