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Rolls-Royce to Pay Daimler $3.4B for JV Stake
NEW YORK (The Deal) -- German carmaker
Daimler and U.K. enginea maker Rolls-Royce
Holdings on Wednesday, April 16, said they
had agreed that Daimler's 50% stake in
their joint venture diesel engine maker
should be valued at 2.43 billion ($3.36
billion). The agreement sets the scene for
Daimler to sell the stake in Rolls Royce
Power Systems to Rolls-Royce under a deal
first announced on March 7 ...