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- Johanna Quandt gave away its shares in BMW to the children, the voting rights but she kept.
- son Stefan Quandt calls the transfer of assets “donation tax low”.
The entrepreneur Johanna Quandt was life described as restrained. In the obituaries that have been written on the occasion of her death at the beginning of the week, was from this public aversion BMW major shareholder in detail the issue.
Now again shows how justified was this characterization. Johanna Quandt, which was regarded as the great lady at BMW’s shareholder base and a long time was the richest woman in Germany, had for years is no longer a major shareholder of the automaker may be mentioned: They had their share, which was always given with 16.7 percent, between 2003 and 2008 given away to their children Susanne Klatten and Stefan Quandt, and are made up equally. Johanna Quandt, however, has retained the voting rights at their share package, it has also continued to receive the dividends. Johanna Quandt last held only 0.4 percent of the shares of BMW, which will pass after her death, according to the Foundation in equal shares to their children.
This is the death of 89-year-olds to the shareholder ratios change in the Munich-based company nothing. Klatten and Quandt will hold in the future those 46.7 percent, which the family had been involved in BMW. Stefan Quandt held 17.4 percent, Susanne Klatten was a package of 12.7 percent. Both sit on the supervisory board of BMW, since her mother had left in the nineties, the Panel. Stefan Quandt is deputy chairman.
“donation for tax low”
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The fact that within the family something to BMW ownership had changed, however, was in the public do not know, not even BMW. This is confirmed by a company spokesman. This new development has the journalist Rüdiger Jungbluth now made public, who has written a book about the Quandt, whose new edition will be released in September. The Johanna Quandt Foundation confirms this. The transfer of ownership of son and daughter resulting from publications in the Federal Gazette . The gradual release of the package by Johanna Quandt to their children began in 2003 and was completed in 2008.
son Stefan commented on the donation with the words. “The transfer of assets was well planned.” He was “donation tax low”. Accordingly, in the temporal extension of the transition of the reason is the heirs, so that the due taxes could also be spread over several years. How much gift tax has paid the family, the clan does not reveal. It’s just that Quandt had “paid to an appreciable extent gift tax”. It should be clearly prevents the family on the death of the matriarch for incidental inheritance tax would have to sell shares in BMW.
The family did not want to conceal that the BMW shares from mother to daughter and son passed are, asserts Stefan Quandt. “All information is available,” he told the author. “I am surprised that it has not been discussed earlier.” The objection that this transaction would have to be communicated to shareholders according to the rules of the Securities Trading Act, the Family UID 1-2598908-1438875998 countered by pointing out that only the transition from voting this notification requirement is subject.
SZ graphics; Photos: dpa; Source: R. Jungbluth: “The Quandt,” 2002; Consiqua
had been transferred the BMW shares of Johanna Quandt together with the right to vote their two children, would have to officially notify BMW. The fact that the family took a different path, is therefore likely to have to deal with that they a debate on the transfer of this multi-billion assets did not want to expose themselves.
“support and security”
BMW is likely the certainty that the stock portion of the family will not change with the death of Johanna Quandt, calming encounter. The family was an important anchor shareholder for the group in the past. Herbert Quandt, the husband of Johanna Quandt had in 1959 secured by joining the then bankruptcy candidates the company’s future. Johanna Quandt had declared in the heavy Rover crisis in 1999, the family will not sell their shares. Corporate Chef Harald Krüger had recalled when he said on Wednesday about the revered in the Group Patriarchin she had “given support and security” the company. In the crisis 15 years ago, competitors had already made hopes to be able to take over BMW.
Klatten as Quandt, however, are not only involved in BMW. Your BMW shares alone are worth around 30 billion euros and are now by far the largest value of their portfolios. Her father Herbert Quandt, who had died in 1982, had ordered that the two children he had with his third wife Johanna should take up his industrial heritage in equal parts. Susanne Klatten owns inter alia the chemical company Altana. The entrepreneur also owns 27.5 percent of SGL Carbon, a manufacturer of carbon fiber plastics which are relevant because of their low weight for the car industry.
major shareholder The true BMW boss
Johanna Quandt always had the last word at BMW. No matter who was at her board.
Stefan Quandt received after the death of his father somewhat higher proportions of BMW as his sister because their Altana worth more was when the company Delton, which he inherited from his father. Stefan Quandt is the owner of logistics company Logwin and the remedies manufacturer Heel GmbH. He also holds 36 percent stake in Solar Watt, a manufacturer of photovoltaic systems. Together with his sister, the US company DataCard Corp., which supplies machines, smart cards and official documents it
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