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Lloyd’s Register sells energy business to UK private equity

Following a strategic review, LR is selling its energy division to a UK private equity firm that will create a new engineering and technical consultancy

The divestment of its energy business come as part of a structural review of LR’s business and midway through a leadership transition that will see marine and offshore director Nick Brown take the helm at the end of the year, when he will need to set out his vision for the future of the maritime business

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