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Posted: Mar 02, 2011

Volkswagen AG buys block of shares in SGL Carbon SE

(Nanowerk News) The Executive Board of SGL Carbon SE has been informed that Volkswagen AG has purchased an 8.18% stake in the equity of SGL Carbon SE on February 25, 2011. 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."
"This participation supports SGL Group's long term intention to strengthen our in-dependence by establishing a small group of anchor investors. These encompass the already reported shareholdings of SKion and Voith. The acquisition of the shares previously owned by LBBW represents a further building block of this intention. Against this background, we welcome the new anchor investor", says Koehler.
Reported shareholdings according to §§ 21 ff. Wertpapierhandelsgesetz (WpHG): 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.
About SGL Group – The Carbon Company
SGL Group is one of the world's leading manufacturers of carbon-based products. It has a comprehensive portfolio ranging from carbon and graphite products to carbon fibers and composites. SGL Group's core competencies are its expertise in high-temperature technology as well as its applications and engineering know-how gained over many years. These competencies enable the Company to make full use of its broad material base. SGL Group's carbon-based materials combine several unique properties such as electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to the paradigm shift in the use of materials as a result of the worldwide shortage of energy and raw materials, there is a growing demand for SGL Group's high-performance materials and products from an increasing number of industries. Carbon and graphite products are used whenever other materials such as steel, aluminum, copper, plastics, wood etc. fail due to their limited properties. Products from SGL Group are used predominantly in the steel, aluminum, automotive, chemical and glass/ceramics industries. However, manufacturers in the semiconductor, battery, solar/wind energy, environmental protection, aerospace and defense industries as well as in the nuclear energy industry also figure among the Company's customers.
With 40 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, SGL Group is a company with a global presence. In 2009, the Company's workforce of around 6,000 generated sales of €1.226 million. The Company's head office is located in Wiesbaden/Germany.
Source: SGL (press release)
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