SGL Carbon SE (DB:SGL) completed the acquisition of remaining 49% in SGL Automotive Carbon Fibers GmbH & Co. KG from Bayerische Motoren Werke Aktiengesellschaft (DB:BMW).
SGL Carbon SE (DB:SGL) agreed to acquire remaining 49% in SGL Automotive Carbon Fibers GmbH & Co. KG from Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) for 24 million on November 24, 2017. In a related transaction, SGL Carbon SE (DB:SGL) agreed to acquire 49% in SGL Automotive Carbon Fibers LLC from Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) for 62 million. In 2016, combined revenues for SGL Automotive Carbon Fibers Gmbh & Co Kg and SGL Automotive Carbon Fibers LLC were reported 90 million. The deal is subject to approval from respective authorities and is expected to close in January, 2018.
SGL Carbon SE (DB:SGL) completed the acquisition of remaining 49% in SGL Automotive Carbon Fibers GmbH & Co. KG from Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) on January 11, 2018. Post closing, SGL Automotive Carbon Fibers GmbH & Co. KG is now re-named as SGL Composites GmbH & Co. KG. Marc Besen and Dimitri Slobodenjuk of Clifford Chance, Düsseldorf acted as legal advisors to SGL Carbon SE (XTRA:SGL).