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By Reuters Staff
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OSLO, March 10 (Reuters) - Norway’s decision to suspend the planned sale of a maritime engine maker to Russia’s TMH Group is a matter of “serious concern” and suggests possible anti-Russian sentiment, the Russian embassy in Oslo told Reuters.
Norway on Tuesday ordered Britain’s Rolls-Royce Holdings to pause the sale of Bergen Engines to TMH while the government assesses national security implications for its navy and the civilian sector.
“(TMH) is a well-known major private company that has quite a number of international assets and has been working in the international market for a long time,” the Russian embassy said in a statement to Reuters.
Wednesday, 10 Mar 2021 09:49 AM MYT
Rolls-Royce announced in early February that it would sell Bergen Engines for around €150 million (RM735.5 million) to TMH Group, a privately owned company headquartered in Russia that makes locomotives and rail equipment. Reuters pic
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OSLO, March 10 ― Rolls-Royce said yesterday it had halted its planned sale of a Norwegian engine maker to a Russian company, after Norway said it might exercise a veto in the name of national security.
Rolls-Royce announced in early February that it would sell Bergen Engines for around €150 million (RM735.5 million) to TMH Group, a privately owned company headquartered in Russia that makes locomotives and rail equipment.
OSLO, March 10 Norway’s decision to suspend the planned sale of a maritime engine maker to Russia’s TMH Group is a matter of “serious concern” and suggests possible anti-Russian sentiment, the Russian embassy in Oslo told Reuters. Norway yesterday ordered Britain’s Rolls-Royce.