BMW Bayerische Motoren Werke AG

By Hendrik Varnholt

FRANKFURT--Johanna Quandt's children Stefan Quandt and Susanne Klatten have inherited her 16.7% stake in voting rights of BMW AG following her death last week.

Mr. Quandt and Ms. Klatten currently own Ms. Quandt's former stake together, so that the voting rights are legally attributed to both of them. It led to an increase in Mr. Quandt's voting rights to 34.2% and Ms. Klatten's to 29.3%.

Mr. Quandt's stake in voting rights exceeds the 30% threshold which can result in an obligation to make a takeover offer for the company under German law. But family spokesman Jörg Appelhans said Mr. Quandt wants to make use of a statutory exemption which frees him from this obligation. Mr. Quandt has asked German financial authority Bafin that some voting rights not be attributed to him.

The Quandt family's combined share of voting rights has remained unchanged at around 47%.

Write to Hendrik Varnholt at hendrik.varnholt@wsj.com