SGL Group Acquires BMW Group's Minority Interest in the Joint Venture SGL Automotive Carbon Fibers

SGL Carbon SE will acquire the 49% stake in stages, becoming the sole owner of SGL ACF. Purchase is in line with the strategy of supplying every step of the carbon fiber value chain from a single source. SGL Carbon SE is acquiring BMW Group's 49% equity investment in the joint ventures SGL Automotive Carbon Fibers GmbH & Co. KG (Germany) and SGL Automotive Carbon Fibers LLC (US) – together referred to as ' SGL ACF'. An agreement on this matter was signed by SGL Group and BMW Group. Once the deal has been completed, SGL Group will be the sole owner of SGL ACF. As is customary, the transaction is subject to approval from the respective authorities. The agreement between SGL Group and BMW Group provides for the acquisition of the two SGL ACF companies in stages. In the first step, SGL Automotive Carbon Fibers GmbH & Co. KG (Germany) will be transferred to SGL Group. This transaction will probably be completed in January 2018. The second step will involve SGL Automotive Carbon Fibers LLC (US) being transferred to SGL Group, with this transaction expected to be completed by the end of 2020 at the latest. For identifying growth opportunities for carbon fiber in the global automotive composites market, please visit http://www.lucintel.com/carbon_fiber_in_automotive_composites_2016.aspx