14th Dec 2015 06:34
ARLINGTON (Alliance News) - The UK government is consideration nationalising Rolls-Royce Holdings PLC's nuclear submarine business, which powers the UK's Trident deterrent, the Financial Times reported.
The report said the UK may also decide to merge all or part of Rolls-Royce with BAE Systems PLC, the UK's biggest defence group.
The UK prime Minister David Cameron's office has had plans drawn up to protect UK interests as Rolls-Royce seeks to recover from five profit warnings in less than two years.
The officials at Cameron's office are concerned that Rolls-Royce's management has no substantial experience of defending against hostile takeovers, the report said citing people familiar with the matter.
Copyright RTT News/dpa-AFX
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