Stockholder Structure
International investor base
Stockholder analyses, which we perform periodically, help us to communicate effectively with our investors. In the most recent survey conducted in summer 2008, MAN identified more than 80% of the owners of its common and preferred stock.
According to this survey, foreign investors hold around 40% of the share capital. As in previous years, these investors are predominantly based in the United Kingdom and the United States. However, it is evident that, due mainly to the global financial crisis, U.S. and UK investors are represented less heavily than last year. This decrease is primarily attributable to sales by hedge funds. The largest single stockholder is Wolfsburg-based Volkswagen AG, which holds 29.9% of the voting rights of MAN SE.
Source: MAN AG Annual Report 2008, page 32