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Daimler AG plans to sell its 50% stake in Rolls-Royce Power Systems Holding to Rolls-Royce Holdings in a move that will generate significant cash flow. The deal, subject to formal valuation, follows Daimler's exercise of a put option. Rolls-Royce welcomes the decision, with the option valued at £1.9 billion on Daimler's balance sheet as of December 31.
Thursday, 6 March, 2014