Shareholder Structure

In September 2010 Allianz SE exercised all its subscription rights and, consequently, still holds around 13 percent of the voting rights. In the course of the capital increase RWE AG reduced its voting share to around 4 percent and, consequently, according to the regulations of the German Stock Exchange it is not considered as block ownership anymore. Therefore the free float of the Heidelberg share amounts to around 87 percent. Further investors, who hold more than 3 percent of the Heidelberg shares, are SEB Investment GmbH (5.02%), Capital Research and Management Group (3.14%) and BlackRock, Inc., New York, USA (3.02%).


As at October 2011