Daimler to sell MTU to KKR for 1.5 bln eur -sources

Newswire

FRANKFURT, Nov 18 (Reuters) - DaimlerChrysler is poised to sell its MTU aero engines unit to U.S-based private equity firm Kohlberg Kravis Roberts & Co (KKR) for about 1.5 billion euros, sources close to the deal said on Tuesday. "Daimler has agreed to sell MTU to KKR for about 1.5 billion euros ($1.8 billion)," a company source told Reuters. However, another source said talks were going down to the wire and that Doughty Hanson, the rival buyout firm bidding for MTU, could still be in ...

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