BMW cuts Rolls-Royce stake, to get 300 mln eur gain


FRANKFURT, Feb 24 (Reuters) - German carmaker BMW will post a one-off, non-cash gain of 300 million euros ($356.8 million) in the first quarter of 2006 by selling shares in aircraft engine maker Rolls-Royce Plc , it said on Friday. Servicing exchange requests made so far by holders of exchangeable bonds will eventually reduce BMW's shareholding in Rolls-Royce to around 3.25 percent from 9.02 percent, it said in a statement.

Premium Content (PAID Subscription Required)

"BMW cuts Rolls-Royce stake, to get 300 mln eur gain" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Dec 6, 2016

2017 Wards 10 Best Engines: Falling in Love With 6-Cyl. Turbos 1

BMW and Ford each have two stout turbo-6s in the hunt this year, while Infiniti has one. All five are smooth, extremely refined, reasonably fuel-efficient and dishing up loads of horsepower and torque....More


BMW Ordered to Pay A$77 Million in Australia Lending Case  

The Australian Securities & Investment Commission says the German automaker will compensate at least 15,000 consumers who may have suffered financial distress because of loans granted by BMW Australia Finance....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×