EU clears Daimler's sale of MTU aero engine unit

Newswire

BRUSSELS, Dec 22 (Reuters) - European Union competition authorities cleared on Monday DaimlerChrysler's sale of its MTU aero engines business to U.S. private equity firm Kohlberg Kravis Roberts & Co. Daimler has declined to give a price for the deal, the German auto giant's latest step to shed non-core assets, but sources close to the transaction have priced the deal at 1.45 billion euros ($1.75 billion). The Commission said in a statement the transaction was cleared using the EU's ...

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