| Mr Ludwig Merckle (20 May 2025) via Spohn Cement Beteiligungen GmbH, Schönefeld/Germany | 28.40% | |
| Artisan Partners Asset Management Inc., Wilmington, Delaware/USA (13 March 2025) | 4.83% | |
| BlackRock, Inc., Wilmington, Delaware/USA (18 November 2025) | 4.99% | 1) |
| The Capital Group Companies, Inc., Los Angeles/USA (23 June 2025) (EUPAC Fund, Boston/USA: 2.99% (29 August 2025)) | 5.03% | |
| FMR LLC, Wilmington, Delaware/USA (14 July 2025) | 3.01% |
1) thereof 4.85% pursuant to section 34 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and 0.14% pursuant to section 38 WpHG (instruments)
In brackets: date of the voting rights notification
An analysis of the shareholder structure conducted at the end of 2024 showed that the proportion of North American investors had risen slightly. The proportion of German investors had fallen compared with the previous year, but the proportion of investors from continental Europe (excluding Germany) had increased, thanks to new buyers in France and Northern Europe.
At the end of 2024, investors from North America and Germany formed the two largest investor groups, accounting for 34.2% and 32.3% of shares issued, respectively, followed by investors from the UK and Ireland at 9.2% and continental Europe (excluding Germany) at 7.6%. Investors from other geographical regions and retail investors accounted for the remaining 16.7%. The largest shareholder and anchor shareholder is Ludwig Merckle, who, according to the voting rights notifications available to the company, held 28.88% of the issued shares via Spohn Cement Beteiligungen GmbH, a company under his control, as at 31 December 2024. The free float as defined by Deutsche Börse was 72.36% at the end of 2024.