The Board of Wartsila Confirms No Ongoing Discussions with Rolls-Royce

Wartsila Corporation commented on the recent speculation regarding potential transaction between Rolls-Royce Plc and Wärtsilä by saying that there are no longer ongoing discussions with Rolls-Royce.

According to the speculation, Rolls-Royce is in talks to buy the marine propulsion unit of Finland’s Wartsila, Bloomberg reported, citing three people familiar with the subject.

The sources also said that Rolls-Royce had contacted Helsinki-based Wärtsilä about its interest in the division. Nevertheless, they added that Wartsila may oppose the sale.

The Wärtsilä Board of Directors said: “Wärtsilä Corporation notes the recent speculation about a potential transaction between Rolls-Royce Plc and Wärtsilä.

We confirm the approach by Rolls-Royce with a preliminary proposal for a possible offer for the company. In case the company receives such proposals, the Wärtsilä Board has an obligation to evaluate such proposals.

However, we confirm that there are no longer ongoing discussions with Rolls-Royce.”

Wartsila, January 9, 2014

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

Salvage & Wreck

Salvage and Wreck Removal Conference will focus on Casualty management case studies, Dealing with hazardous cargo and container ship fires…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >