StockMarketWire.com - Rolls-Royce said it had completed the sale of its commercial marine business to Norway's Konsberg.

The completion of the transaction, first announced on 6 July, followed recent clearance from the relevant regulatory authorities.

Net proceeds after transaction costs and other adjustments were estimated to be around £350m to £400m.

In 2018, the business reported underlying revenue of £726m and an underlying loss of £35m.


At 12:36pm: [LON:RR.] RollsRoyce Group PLC share price was +12p at 915.2p



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