Our share register showed some 41,000 shareholders (37,000) at the end of the year. The largest shareholders as at year-end were Talanx AG with 50.2% and the asset manager Black- Rock, Inc. with a reported 3.05% of the voting rights. Of the remaining shares outstanding, by far the bulk – at 38.5% – were held by institutional investors such as banks, insurers and investment companies (42.0%); private investors held 8.2% (7.8%). Our shareholders include investors who pay particularly close attention to sustainability criteria.
At the end of November 2016 an analysis of the company’s shareholding structure was carried out. It determined that the geographical breakdown of the shares held by institutional investors is as follows: