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FRANKFURT, Germany (AP) - German automaker BMW AG said Friday it has reduced its share in engine manufacturer Rolls-Royce Group PLC by almost two-thirds to 3.25 percent.
The Munich-based maker of luxury cars had previously owned a 9 percent stake in the London-based builder of engines used in airplanes, helicopters and boats. It said the sale would generate a gain of 300 million euros ($358.7 million) during the current quarter.
The company said it unloaded the shares this week but didn't say who bought them.
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