The Board of Wärtsilä confirms no ongoing discussions with Rolls-Royce
January 9, 2014 - London
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
Executive Vice President, Communications & Branding
Tel: +358 10 709 5599
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.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire