VIENNA (dpa-AFX) - Rolls-Royce Holdings plc (RR.L, RYCEY.PK) and Daimler (DDAIF.PK) announced they have agreed the valuation of Daimler's 50% equity interest in the joint venture Rolls-Royce Power Systems. The companies have determined the fair market value of Daimler's shares at 2.43 billion euros. The transaction is expected to complete within the next five months.
On March 7, 2014, the Board of Daimler AG had decided to exercise the put option relating to its shareholding in Rolls-Royce Power Systems.
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