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    BMW   DE0005190003

BMW AG

(BMW)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 12/02 08:29:25 am
88.155 EUR   -0.55%
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BlackRock close to investing 500 million euros in Ionity -sources

10/21/2021 | 12:33pm EST
People are seen in front of a showroom that hosts BlackRock in Davos

FRANKFURT (Reuters) - BlackRock is close to investing around 500 million euros ($582 million) in electric vehicle charging group Ionity, two people familiar with the matter said.

There is no guarantee that a deal will materialise and talks between the parties could still fall apart, the people added.

Ionity, whose owners include Volkswagen, Daimler, BMW and Ford, in March said it was examining ways to expand its network of fast-chargers across Europe.

Sources told Reuters in June that Royal Dutch Shell and Renault were among those interested in taking a 20-25% stake valued at 400-500 million euros.

BlackRock declined to comment on the investment, which was first reported by manager magazin.

A spokesperson for Ionity declined to comment, saying that the company was constantly discussing additional investment possibilities with its shareholders, which also include Hyundai Motor, and that additional investors were welcome.

(Reporting by Christoph Steitz, Editing by Nick Zieminski)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BMW AG -0.58% 88.21 Delayed Quote.22.72%
DAIMLER AG -0.83% 85.88 Delayed Quote.49.84%
VOLKSWAGEN AG -0.89% 166.3 Delayed Quote.10.05%
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Analyst Recommendations on BMW AG
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Financials
Sales 2021 111 B 126 B 126 B
Net income 2021 11 092 M 12 584 M 12 584 M
Net cash 2021 20 223 M 22 943 M 22 943 M
P/E ratio 2021 5,16x
Yield 2021 5,89%
Capitalization 57 569 M 65 197 M 65 312 M
EV / Sales 2021 0,34x
EV / Sales 2022 0,29x
Nbr of Employees 120 726
Free-Float 57,3%
Chart BMW AG
Duration : Period :
BMW AG Technical Analysis Chart | BMW | DE0005190003 | MarketScreener
Technical analysis trends BMW AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 88,64 €
Average target price 109,55 €
Spread / Average Target 23,6%
EPS Revisions
Managers and Directors
Oliver Zipse Chairman-Management Board
Nicolas Peter Chief Financial Officer
Norbert Reithofer Chairman-Supervisory Board
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
BMW AG22.72%65 197
TOYOTA MOTOR CORPORATION28.53%250 837
VOLKSWAGEN AG10.05%127 265
DAIMLER AG49.84%104 912
GENERAL MOTORS COMPANY39.43%84 295
FORD MOTOR COMPANY122.75%78 246