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BMW cuts Rolls-Royce stake, will post $356 million gain

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BMW cuts Rolls-Royce stake, will post $356 million gain

FRANKFURT -- German carmaker BMW will post a one-off, non-cash gain of $356.8 million in the first quarter of 2006 by selling shares in aircraft engine maker Rolls-Royce Plc, it said on Friday.

Date: February / 24 / 2006
Link: BMW cuts Rolls-Royce stake, will post $356 million gain
Source: Automotive News

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