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November 28, 1988

BMW RAISES HOLDING IN SOFTLAB, MUNICH

By CBR Staff Writer

Bayerische Motoren Werke AG has raised its holding in Softlab GmbH, Munich originator of the Maestro applications development environment, to 28% from 10%, at an undisclosed price; Softlab, with sales up 22% to the equivalent of $60.3m in the year to September, says that it plans to increase its nominal share capital, currently $8.7m, by between 33% and 66% early next year with a scrip issue to shareholders.

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