Stefan Quandt is one of the richest Germans. Like his sister Susanne Klatten, he has been given further voting rights to BMW – and can now block decisions at the car manufacturer.
Stefan Quandt (archive picture of 2014)
Tuesday, 20.02.2018
15:08 clock
The two major shareholders of BMW, Stefan Quandt and Susanne Klatten, have now completely divorced her mother’s inheritance. According to a stock market announcement, the voting rights of 49.3 million BMW-shares from the possession of the deceased Johanna Quandt finally to Susanne Klatten. Stefan Quandt finally gets the voting rights for 50.7 million shares.
Stefan Quandt, 51, holds 25.83 percent of the voting rights in the Munich-based car manufacturer. He now has one due to the newly acquired voting rights blocking minority in the group. This means that he can now, for example, prevent the dissolution of BMW, as well as amendments to the Articles of Association – for both, according to stock corporation law, a three-quarters majority is needed. Also, capital increases can Quandt so easily prevented.
Susanne Klatten, 55, holds 20.94 percent of BMW after the split. The two siblings had no intention to part with their shares, said a spokesman for the family. Both sit on the supervisory board of BMW. They acted siblingly and together, they said. Majorities remain unchanged.
Johanna Quandt died at the age of 89 in August 2015 in Bad Homburg near Frankfurt. She married the entrepreneur Herbert Quandt in 1960. This in turn was in the late fifties at the then battered BMW Group entered.
That Stefan Quandt has more voting rights to BMW 
holds as his sister, according to a speaker still with the estate of Herbert Quandt together. Because Susanne Klatten therefore a more valuable stake in the pharmaceutical company Altana Stefan Quandt received more BMW shares. Before the final distribution of the legacy, they had 12.7 and 17.6 percent of the voting rights in BMW.
The quandts With an estimated wealth of more than 30 billion euros, they are among the richest families in Germany. The BMW share package of Stefan Quandt alone is worth 13.4 billion euros, that of his sister 10.9 billion.
The distribution of the heritage had become apparent. Formally, the two children were initially jointly inherit the holding of their mother. Johanna Quandt had already distributed the majority of her 16.4 percent BMW stock package from 2003 to 2008 – unnoticed by the public – but initially retained her voting rights. With the transfer of voting rights, the legacy is now complete.
Susanne Klatten 2015
Susanne Klatten manages her shares in her own limited partnership. Stefan Quandt and his shares remain, according to a spokesman for the family in the company of the mother, which he continues under a new name Aqton GmbH & Co. KG for car stocks. In future, this will be the responsibility of the European company Aqton SE.