CORRECTED - Daimler, Rolls-Royce win EU okay for Tognum buy

Newswire

(Corrects description of Rolls-Royce in first paragraph) BRUSSELS, July 25 (Reuters) - Car maker Daimler and British aero engine maker Rolls-Royce secured unconditional European Union approval on Monday to purchase Tognum in a bid valuing the German engine maker at 3.4 billion euros. The acquisition would reinforce the companies' presence in the higher margin industrial diesel engine market where the global market is estimated to be worth more than 30 billion euros a year. The European ...

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