Sale of JV stake to bring in $3.36B for Daimler

|About: Daimler AG (DDAIF)|By:, SA News Editor

Daimler (DDAIF) will take in a cash haul of €2.43B ($3.36B) for the sale of its 50% stake in an engine joint venture.

The German automaker is selling its stake to partner Rolls-Royce (RRCEF, BAMXY).