Home » Markets & News » Company News » Volkswagen Buys Shares in SGL Carbon

Volkswagen Buys Shares in SGL Carbon

This corresponds to a total of 5,362,341 shares. Within the framework of this transaction, Volkswagen AG has acquired the 4,43 % block of shares previously held by Süd-Kapitalbeteiligungs-Gesellschaft, a subsidiary of Landesbank Baden-Württemberg (LBBW). Robert Koehler, CEO of SGL Group comments: “SGL Group perceives the financial participation of Volkswagen as an appreciation of our long term start-up and development activities in new materials and technologies particularly in automotive lightweight construction. These include, among others, carbon fiber based structural parts, the well known carbon ceramic brake discs as well as components for lithium ion batteries, which will play an important role in electric mobility.“ In addition to the Volkswagen stake in SGL Carbon SE, SKion, the investment company of Mrs. Susanne Klatten, and Voith have lastly reported equity holdings of 22,25 % and 5,12 %, respectively. (02/2011)


Related Supplier

Profiles to follow