BMW’s Susanne Klatten buys a blocking stake in SGL Group

News | May 19th, 2011 by 6
susanne-klatten

BMW AG board member and one of the main shareholders, Susanne Klatten, has bought a blocking minority stake in the carbon-fiber maker SGL Group to …

BMW AG board member and one of the main shareholders, Susanne Klatten, has bought a blocking minority stake in the carbon-fiber maker SGL Group to keep Volkswagen at bay after their recent investment in the same company. Back in March, VW acquired an 8% percent stake in SGL Carbon, BMW’s partner in the new carbon-fiber venture. The term sheet stipulates that VW cannot acquire more than 10% of the company.

According to Automotive News, SGL said that Klatten raised her stake in the company, via her investment vehicle Skion, to 27.3 percent, giving her the right to veto strategic decisions, and aimed to lift it to about 29 percent over the next 12 months, up from 22 percent previously. Klatten previously announced she could easily get a blocking minority stake in SGL if needed. Klatten, a member of the Quandt family, holds a 12.6 percent stake in BMW, while her family, which is BMW’s biggest shareholder, holds 46 percent of the company’s shares.

BMWs Susanne Klatten buys a blocking stake in SGL GroupA spokesman for Skion said the investment group currently had no plans for a full takeover of SGL.

In 2009, the BMW Group and the SGL Group have agreed on the establishment of a joint venture for the production of carbon fibres and textile semi-finished products (CFRP) for use in vehicle construction. The total investment volume is € 90 million in the first development phase, the two companies stated on Thursday. The joint venture will be operated through two companies, one based in North America (SGL Automotive Carbon Fibers LLC), and the other in Germany (SGL Automotive Fibers GmbH & Co KG).

With carbon fiber parts produced in-house, BMW can optimize their production costs and control the pricing of its future electric cars, starting with the 2013 BMW i3.

[Source: Auto News ]

  • Manny Antunes

     “Girl got moves”!!

  • XC

     Anything to stop those VW raiders lol. Just wanted to perch on the boat the easy way, huh? NOT

  • Tom

    SGL Group is sitting pretty.

  • Jter

    Good move, BMW.

  • http://www.facebook.com/people/Wayne-Senftner/1057814881 Wayne Senftner

    Susanne is a slut a cheap tawdy slut who bangs gigalos a naughty naughty slut a DIRTY GIRL who if she didnt have billions would be at home in any crappy beer hall in a low cut baverian drindl.
     she sets the mark for classless behavior.

    • fredyschiftan@aol.com

      Dont insult people you dont know ! you sound really envious that she is rich and famous, her father built this Co. from scratch to make it no. 1 in the world. go to other places and not here , we dont need your dirty and cheap comments. PLEASE dont respond your silly answer, you are a joke !!!

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