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).