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.

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