Deals
Daimler to Get $3.36 Billion in Rolls-Royce Venture Disposal
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Daimler AG, the world’s third-biggest maker of luxury cars, will receive 2.43 billion euros ($3.36 billion) for the 50 percent stake in an engine joint venture that it’s selling to partner Rolls-Royce Holdings Plc.
The transaction will be completed in five months, and the amount reflects the stake’s fair market value, the partners said today in a joint statement.