FRANKFURT, April 30 (Reuters) - Carmaker Daimler is buying a 22.3 percent stake in heavy diesel engine maker Tognum from Swedish investment group EQT for around 585 million euros ($911.2 million), Daimler said on Wednesday. It said the deal would make it the largest shareholder in Tognum, a key supplier. Daimler has also arranged to buy another stake of nearly 1 percent in Tognum and plans to acquire a blocking minority in the short to medium term, it said. Tognum shares rose 7.2 percent ...
Premium Content (PAID Subscription Required)
"Daimler takes 22.3 pct stake in engine maker Tognum" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642