Rolls-Royce & Daimler Investigating Majority Stake in Tognum
Answering to growing market speculation, Rolls-Royce Group plc confirms that, together with Daimler AG, it is in discussions about the possibility of acquiring the majority of Tognum AG in equal shares. Currently, constructive discussions with the Supervisory Board and Management Board of Tognum are being held. Daimler AG already owns a 28,4% equity interest in engine and powertrain supplier Tognum AG.