 Rolls-Royce Holdings confirmed in March 2014 that they would purchase Daimler AG's 50% stake in the joint venture.Daimler AG will continue to supply engines to Rolls-Royce as part of existing long term supply agreements which run to 2025, this results from smaller MTU engines being derived from Daimler AG's range of diesel engines used in their on-highway commercial vehicles.Rolls-Royce will fund the acquisition through a mixture of cash and some borrowing, paying Daimler AG around £1.9 billion (€2.3 billion) for their stake in the business.