Death of Johanna Quandt will not affect Quandt family's stake in BMW: spokesman

August 5, 2015 6:50 PM

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Death of Johanna Quandt will not affect Quandt family's stake in BMW: spokesman

FRANKFURT The death of Johanna Maria Quandt, head of the family which has a controlling stake in BMW (BMWG.DE), will not affect the family's shareholding in the German carmaker, a spokesman said.

Johanna Quandt died on Monday in Bad Homburg, Germany at the age of 89, the spokesman for the family said on Wednesday. The Quandt family has a 46.6 percent stake in BMW, including a 16.7 percent stake owned by Johanna Quandt.

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