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Stock Market & Financial Investment News

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April 16, 2014
06:30 EDTRYCEY, DDAIFDaimler, Rolls-Royce price stake at EUR2.43B
Daimler AG (DDAIF) and Rolls-Royce (RYCEY) announce that they have agreed on the valuation of Daimler’s 50% equity interest in the joint venture Rolls-Royce Power Systems Holding Ltd. Both parties have determined the fair market value of Daimler’s shares due to be acquired by Rolls-Royce at a total of EUR 2.43B. The transaction is expected to close within this year and is subject to the usual regulatory approvals. Daimler will recognize the financial impact at the time of closing.
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