BMW Sells Off Most of Its Rolls-Royce Group Stake
02-26-06, 10:46 AM
#1
G35x - RWD/AWD goodness
Thread Starter
BMW Sells Off Most of Its Rolls-Royce Group Stake
FRANKFURT BMW has announced it is selling off $356.8 million of its stock in the aircraft engine company Rolls-Royce. The company didn't say who the buyer was but said the sale will cut BMW's stake in the company from 9 percent to 3.3 percent.
The move has to do with BMW's finances and not with any of its carmaking operations, which include building Rolls-Royce cars, as the current stock sale involves the builder of engines, based in London.
What this means to you: A company as financially astute as BMW probably has a plan, even if it's not obvious to everyone what it is.
Source: http://www.edmunds.com/insideline/do...ticleId=109428
The move has to do with BMW's finances and not with any of its carmaking operations, which include building Rolls-Royce cars, as the current stock sale involves the builder of engines, based in London.
What this means to you: A company as financially astute as BMW probably has a plan, even if it's not obvious to everyone what it is.
Source: http://www.edmunds.com/insideline/do...ticleId=109428
02-27-06, 03:56 PM
#2
Guest
Posts: n/a
Originally Posted by Overclocker
FRANKFURT BMW has announced it is selling off $356.8 million of its stock in the aircraft engine company Rolls-Royce. The company didn't say who the buyer was but said the sale will cut BMW's stake in the company from 9 percent to 3.3 percent.
The move has to do with BMW's finances and not with any of its carmaking operations, which include building Rolls-Royce cars, as the current stock sale involves the builder of engines, based in London.
What this means to you: A company as financially astute as BMW probably has a plan, even if it's not obvious to everyone what it is.
Source: http://www.edmunds.com/insideline/do...ticleId=109428
The move has to do with BMW's finances and not with any of its carmaking operations, which include building Rolls-Royce cars, as the current stock sale involves the builder of engines, based in London.
What this means to you: A company as financially astute as BMW probably has a plan, even if it's not obvious to everyone what it is.
Source: http://www.edmunds.com/insideline/do...ticleId=109428
Thread
Thread Starter
Forum
Replies
Last Post
