Daimler Plans Sale Of Rolls-Royce Joint Venture Stake

Law360, New York (March 7, 2014, 2:28 PM EST) -- Daimler AG plans to sell its 50 percent stake in joint venture Rolls-Royce Power Systems Holding Inc. to its partner Rolls-Royce Plc. in a deal that the German car maker says will bring it “significant cash flow,” according to a Friday statement.

The financial terms have not been finalized yet by the two companies, but Daimler said it expects to release those details in the upcoming months, according to a statement. The transaction is a result of Daimler making use of a put option on its...
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