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article imageRolls-Royce to buy Daimler stake of power systems unit with cash, borrowing

    Mar 7, 2014 in Business

FRANKFURT (Reuters) - German carmaker Daimler <DAIGn.DE> said on Friday it intends to sell its 50 percent stake in its joint venture Rolls-Royce Power Systems Holding to its partner, British engineering company Rolls-Royce <RR.L>.

Daimler said in a statement it was making use of an option to sell, which was agreed with Rolls-Royce in 2011.

Financial terms will be agreed in the coming months, Daimler said, adding it expected a "significant cash inflow" from the deal.

(Reporting by Harro ten Wolde, editing by David Evans)

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