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Rolls-Royce sells commercial marine unit for 500m

Rolls-Royce sells commercial marine unit for 500m

Uk :British engine maker Rolls-Royce announced Friday it has agreed to sell its troubled commercial marine business to Norwegian industrial group Kongsberg for 500 million.

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.