Based on the German stock exchange’s definition of free float, only the interest held by Norges Bank (Ministry of Finance on behalf of Norway) does not count towards the free float. This means that 92.7% of Vonovia’s shares were in free float on March 31, 2018.
In line with Vonovia’s long-term strategic focus, the majority of its investors have a similarly long-term focus. The company’s investors include pension funds, sovereign wealth funds and international asset managers in particular. There is also a large number of individual shareholders, although they only represent a small proportion of the total capital.