Stefan Quandt and Susanne Klatten control the legacy: Quandt siblings share the BMW shares of the mother

02/20/2018

Stefan Quandt and Susanne Klatten arrange the inheritance Quandt siblings share the BMW shares of the mother

DPA

Johanna Quandt (center) died in August 2015. Their BMW stock package had largely and unnoticed by the public between 2003 and 2008 to their children Stefan Quandt (left) and passed on to Susanne Klatten, but retain the voting rights

The two major shareholders of BMW Show stock market chart, Stefan Quandt and Susanne Klatten, have divided the inheritance of their mother among themselves. Two and a half years after the death of Johanna Quandt, Stefan Quandt arrives at a blocking minority of 25.83 percent in the Munich automobile manufacturer alone, as can be seen from several voting rights announcements published on Tuesday. His sister Susanne Klatten comes to 20.94 percent.

Overall, the free float of BMW has changed nothing, said a spokesman for the group. 46.8 percent of BMW are in the hands of the Quandt family. The 51-year-old Stefan Quandt and Susanne Klatten (55) have no intention to part with their shares, said a spokesman for the family.

Johanna Quandt died at the age of 89 in August 2015 in Bad Homburg near Frankfurt. She had married the entrepreneur Herbert Quandt in 1960 and continued the legacy after his death. Quandt had entered the end of the 1950s at the then battered carmaker.

The Quandts are with an estimated fortune of more than 30 billion euros to 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 most of her stock of shares BMW 16.4 percent already from 2003 to 2008 – unnoticed by the public – distributed to them, but retain the voting rights.

According to the announcement, 49.3 million BMW shares will now go to Susanne Klatten, 50.7 million to Stefan Quandt. Both sit on the supervisory board of BMW.

rei / Reuters

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