Rolls-Royce injects billions in fresh capital into Norwegian marine business
The engine behemoth has booked huge losses on its Norwegian subsidiaries, Rolls-Royce Marine in particular. The UK parent company has subsequently injected more than NOK 2 billion in fresh equity into its marine business in Norway, which is severely strained by the downturn in offshore, reports Finansavisen.
by DANIEL LOGAN
Rolls-Royce lost NOK 2.36 billion (USD 297 million) on its Norwegian subsidiaries Bergen Engines and Rolls-Royce Marine in 2016.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Weak offshore market hurts Rolls-Royce
For subscribers
Marine unit drags Rolls-Royce into the red for 2016
For subscribers
