Rolls-Royce has confirmed that it was in talks with Wartsila regarding a possible offer for the company.
The talks were related to the Wartsila’s marine-propulsion unit, the Wartsila Oyj Abp (WRT1V.HE), reports Bloomberg, quoting people familiar with the matter.
Rolls-Royce said in a statement: “ Rolls-Royce notes the recent press speculation and confirms that it has been in preliminary discussions with the Board of Wärtsilä regarding a possible offer for the company. However, those discussions are no longer continuing. ”
Wartsila today also confirmed that there are no longer ongoing discussions with Rolls-Royce.
[mappress] SBT Staff, January 9, 2014