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 toward the free float. This means that 93.1% of Vonovia’s shares were in free float on June 30, 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 minor shareholders, although they only represent a small proportion of the total capital.