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Daimler AG to sell stake in joint venture Rolls-Royce Power Systems Holding Ltd to Rolls-Royce partner


Tuesday, 15 Apr 2014 08:00pm EDT 

Daimler AG:Announces that agreed with Rolls-Royce plc on valuation of Daimler’s 50-pct equity interest in joint venture Rolls-Royce Power Systems Holding Ltd.Both parties have determined fair market value of Daimler’s shares due to be acquired by Rolls-Royce at total of 2.43 billion euros.Transaction expected to close within this year. 

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