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UK: Rolls-Royce flounders on rival takeover

 |  January 9, 2014

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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