Daimler takes 22.3 pct stake in engine maker Tognum

Newswire

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 ...

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