The Board of Wärtsilä confirms no ongoing discussions with Rolls-Royce

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Wärtsilä Corporation Company announcement 9 January 2014 at 09.00 am EET

 

Wärtsilä Corporation notes the recent speculation about a potential transaction between Rolls-Royce Plc and Wärtsilä.

We confirm the approach by Rolls-Royce with a preliminary proposal for a possible offer for the company. In case the company receives such proposals, the Wärtsilä Board has an obligation to evaluate such proposals.

However, we confirm that there are no longer ongoing discussions with Rolls-Royce.


The Wärtsilä Board of Directors


Contact information:

Atte Palomäki

Executive Vice President, Communications & Branding

Wärtsilä Corporation

Tel: +358 10 709 5599
atte.palomaki@wartsila.com

Wärtsilä in brief

Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2012, Wärtsilä's net sales totalled EUR 4.7 billion with approximately 18,900 employees. The company has operations in nearly 170 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com   

 

News Source : The Board of Wärtsilä confirms no ongoing discussions with Rolls-Royce

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