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BMW CEO say has no plans to raise stake in SGL Carbon

Irene Preisinger From Reuters| October 30 , 2013 10:05 BJT

BMW (BMWG.DE) does not intend to lift its stake in SGL Group (SGCG.DE), the materials supplier for the carbon-fiber reinforced passenger cabin of BMW's i3 compact electric car.

"This is not our goal at BMW. We are happy," BMW Chief Executive Norbert Reithofer said at a conference in Munich, when asked whether he would foresee increasing BMW's 18.4 percent stake in German carbon specialist SGL.

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