UPDATE 1-Daimler takes 22.3 pct stake in engine maker Tognum

Newswire

(Adds details, background) 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. The deal protects ties with a key business partner and gets Daimler back into a business that it sold in late 2005 but which has since become a global player with what Daimler said were above-average margins for the sector. The purchase ...

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