UPDATE 1-MMC sale to boost Daimler net by 501 mln euros

Newswire

(Rewrites, adds final sale price, share prices) FRANKFURT/TOKYO, Nov 18 (Reuters) - DaimlerChrysler's sale of a 12.4 percent stake in Japanese ally Mitsubishi Motors Corp (MMC) will add 501 million euros ($585.6 million) to 2005 net profit, Daimler said on Friday. The world's fifth-largest carmaker confirmed completion of the sale, which it said generated proceeds of 970 million euros and will improve its 2005 financial income by 680 million. A unit of investment bank Goldman Sachs ...

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