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Entrepreneur Stefan Quandt becomes BMW's most powerful shareholder

Quandt now owns a "blocking stake" of 25.83 percent in BMW. (Bloomberg)
ET
By:
Edward Taylor Alexander Huebner Irene Preisinger
February 21, 2018 05:00 AM

FRANKFURT -- Stefan Quandt has become BMW's largest-single shareholder, giving him a big enough stake to block any potential takeover of the automaker, a regulatory filing showed.

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