Ownership Structure

The capital stock of Bayer AG, amounting to Euro 2,515,005,649.92 is divided into 982,424,082 no-par registered shares. Bayer has a 100 percent free float as defined by Deutsche Börse, the operator of the Frankfurt Stock Exchange. Under our Articles of Association, each of our ordinary shares represents one vote.

At the end of 2019, a total of 403,340 stockholders were listed in the share register, over 20,000 more than at the end of 2018. The majority of these stockholders were private investors, most of them based in Germany. Private investors held approximately 11 percent of the capital stock on that date, with Bayer employees holding approximately 1 percent.

An analysis of our ownership structure carried out in September 2019 covered approx. 93%* of issued shares (869,865,868 shares), including those held by 1,187 institutional investors. The following regional distribution is based on the results of this survey.

* based on 932,551,964 shares issued as of September 2019 


Stock ownership by region

Our ownership structure is very international, thus also reflecting our company’s global presence. Almost one third (33.2%) of our stock is attributable to investors in North America. Just under one fifth (19.9%) is held by stockholders in Germany. Another significant group of investors is based in the United Kingdom and Ireland; they hold 15.6% of Bayer stock.


Stockholders with > 3 percent of the voting rights

Under the German Securities Trading Act (Wertpapierhandelsgesetz), holders of voting securities of a listed German company must notify that company of the level of their holding whenever it reaches, exceeds or falls below specified thresholds. These thresholds are 3, 5, 10, 15, 20, 25, 30, 50 and 75 percent of the company’s outstanding voting securities.

Voting rights announcements