Wärtsilä quashes takeover proposals from Rolls-Royce

09 Jan 2014
Wärtsilä says that it has no plans to sell its marine propulsion interests to Rolls-Royce

Wärtsilä says that it has no plans to sell its marine propulsion interests to Rolls-Royce

Wärtsilä has said that, contrary to reports in some media, it does not intend to sell its ship power business unit to Rolls-Royce.

An official statement issued by the company today (9 January 2014) says: “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.”

The reports apparently originated from speculation by US business and financial news provider Bloomberg which quoted three people “familiar with the matter” who said that Rolls-Royce was in talks with Wartsila about acquitting the latter’s marine propulsion business.

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Rolls Royce Marine A/S

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