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BMW, Volkswagen Seek to buy Stakes in SGL Carbon, Spiegel Says

Oct. 16 (Bloomberg) -- Bayerische Motorenwerke AG plans to buy a stake in SGL Carbon SE, a carbon and graphite materials, Spiegel said, citing an unidentified manager at the automaker.

BMW may buy a stake of just over 20 percent to pool the holding with BMW heiress Susanne Klatten’s stake and gain a majority in SGL, the magazine said.

Volkswagen AG is also preparing to increase its stake in SGL from currently 8 percent, the magazine said, citing an unidentified manager at VW.

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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