Top UK industrial manufacturer Rolls-Royce Holdings has reportedly abandoned plans to acquire a Finland-based rival, while no reason was given for the merger’s demise.
Reports say Rolls-Royce looked to acquire Wartsila Oyj, a buyout expected to reach into the multibillion-dollar rank. The move would have been part of Rolls-Royce efforts to expand its ship engine operations throughout Europe.
The Finish company confirmed that buyout talks were no longer occurring.
The industrial firm, well-known for its production of luxury Rolls-Royce cars, announced last year plans to expand in Scandinavia to strengthen its marine-engineering portfolio, say reports.
Full Content: Wall Street Journal
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