As you may know already, Bmw’s i3 electric car will built passenger cabins made from carbon fiber-reinforced plastic supplied by SGL Carbon, a manufacturer which also attracted Volkswagen’s attention. For those who don’t know, back in March, Volkswagen acquired an 8.2 stake in SGL Carbon, a move that caught Bmw attention.
Now, both manfuacturers are considering increasing their stakes in carbon fiber producer SGL Carbon in order to get control the company. According to German magazine Der Spiegel a Bmw manager said that the Bavarian manufacturer has an essential interest in the carbon manufacturer.
According to the same German magazine, Bmw is still considering which would be the number of shares it could buy. It appears that Bmw has to acquire over 20 percent in order to gain majority control over SGL together with billionaire Susanne Klatten.
Klatten owns 29 percent of SGL. On the other side, Volkswagen said that if the price is right, it could increase its stake in SGL. Volkswagen aso has an allied and we are talking about shareholder Voith, which owns a 9.1 percent stake in SGL. In this way, Volkswagen will need to acquire only 7 percent in order to block the minority.