Daimler paid 171 mln eur for MTU minority stake

Newswire

FRANKFURT, Oct 25 (Reuters) - DaimlerChrysler paid 171 million euros ($204.4 million) in cash to acquire an 11.65 percent stake in heavy diesel motor unit MTU Friedrichshafen from minority shareholders, the carmaker said in its quarterly earnings report on Tuesday. DaimlerChrysler now owns 100 percent of the unit, which it is in the process of divesting. "As a result of this transaction, DaimlerChrysler recorded a preliminary goodwill of 134 million euros that was allocated to goodwill of ...

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