Fiscal year 2020
The number of shares outstanding was 180,492,172 at year end, unchanged from the previous year. Market capitalization at the end of 2020 was approximately EUR 5.3 billion (previous year: EUR 5.3 billion).
In 2020, as in previous years, GEA performed regular analyses of its shareholder structure. The latest analysis identified 96.4 percent of all shares outstanding. According to the results, institutional investors held 75.6 percent of all shares, while 18.0 percent were held by major shareholders and 2.8 percent by retail investors.
GEA still has two investors – Kuwait Investment Office and Oliver Capital (the principal shareholder of Groupe Bruxelles Lambert) – that are deemed to be major shareholders according to the definition applied by the German stock exchange (Deutsche Börse AG) and therefore do not count as free float. According to the most recent voting rights announcements submitted to the company, the Kuwait Investment Office held 17,129,370 voting rights (through shares and instruments) as of April 19, 2016, which corresponded to some 9.5 percent of subscribed capital as of December 31, 2020. On November 30, 2020, Oliver Capital held a total of 15,357,460 voting rights (exclusively shares), which corresponded to some 8.5 percent of subscribed capitel as of December 31, 2020. The number of voting rights was again confirmed in a further notification at the end of January 2021. Therefore, the free float according to Deutsche Börse AG, was approximately 82 percent as of the reporting date.