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Article: ROLLS-ROYCE: Rolls-Royce to assume full control of BMBMW Rolls-Royce joint venture.
- Article from:
- M2 Presswire
- Article date:
- October 26, 1999
CopyrightCOPYRIGHT 1999 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-26 October 1999-ROLLS-ROYCE: Rolls-Royce to assume full control of BMW Rolls-Royce joint venture (C)1994-99 M2 COMMUNICATIONS LTD
RDATE:251099
* BMW to increase its stake in Rolls-Royce to 10%
Rolls-Royce plc ("Rolls-Royce") the aerospace, marine and energy group, and BMW AG ("BMW") announce today that they have reached agreement on a repositioning of their strategic relationship. Rolls-Royce will take full control of BMW Rolls-Royce GmbH ("BMW Rolls-Royce") and BMW intends to increase its equity investment, through further market purchases, in Rolls-Royce to just over 10 per cent. The two companies also intend to co-operate in ...