Daimler, Rolls-Royce win EU okay for Tognum buy


BRUSSELS, July 25 (Reuters) - Car makers Daimler and 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. [ID:nLDE75507F] The European Commission said in a statement that the deal would not hinder ...

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