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DaimlerChrysler sells MTU to EQT
By Andrew Grantham 2006-02-01T11:00:00
PRIVATE equity fund group EQT is to buy the Off-Highway business of DaimlerChrysler AG, including rail, marine and military diesel engine maker MTU Friedrichshafen GmbH. The companies have agreed an enterprise value of €1·6bn, and DaimlerChrysler will receive a cash inflow of €1bn.
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