“British engine maker Rolls-Royce announced today it has agreed to sell its troubled commercial marine business to Norwegian industrial group Kongsberg for 500 million pounds. The deal, worth $661 million or 566 million euros, is part of a massive overhaul led by chief executive Warren East, Rolls-Royce said in a statement,” reported The Economic Times.

Khaitan & Co advised Rolls-Royce Marine India Private Ltd led by a team of partner Atul Pandey, senior associate Hirak Mukherjee, principal associate Devesh Pandey, partner Ritu Shaktawat, partner Indruj Rai, partner Ayush A Mehrotra, partner Avnish Sharma, principal associate Kshitij Bishnoi.

Deal value: £350 million to £400 million.

2018-07-06

Primary jurisdiction of deal: UK-Norway

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