Automoto Network

Munich. Bayerische Motoren Werke Aktiengesellschaft (BMW AG) has resolved on a share repurchase programme with a value of up to €2 billion (total purchase price excluding ancillary costs), repurchased shares to be largely cancelled, reducing share capital accordingly. This was approved at the Annual General Meeting in May 2022, authorising a share buyback of up […] July 01, 2022 at 12:30AM

Munich. Bayerische Motoren Werke Aktiengesellschaft (BMW AG) acquires a majority stake in its Chinese joint venture BMW Brilliance Automotive Ltd. (BBA). BBA has today received the relevant business licence from the Chinese authorities, effective 11 February 2022. BMW AG thus indirectly holds 75% of the shares in BBA, while the Chinese partner Brilliance China Automotive […] February 12, 2022 at 06:02AM