Analysis of ownership, concentration, and blocs affecting General Assembly decisions
Registered shareholders99
Total shares21,507,622shares
The largest share held by a single shareholder9.76%
At least one shareholder to reach the majority12
Owned by 14 family blocks50.0%
HHI (low concentration)322
Executive summary
01
Distributed ownership with no controlling shareholder
The largest share does not exceed 9.76%, and the concentration index is 322 points, which is much less than the 1,500 threshold at which concentration begins.
02
The decision requires broad coalitions
An absolute majority requires at least 12 shareholders, two-thirds 21 shareholders, and three-quarters 29 shareholders.
03
Family groups have significant voting influence
57 shareholders from 14 families own nearly half of the shares, highlighting the influence of family groupings on voting.
04
Charitable organizations hold significant voting weight
Eight entities, including associations, a center, and an endowment, collectively own 11.13%, a share greater than that of any single shareholder.
Shareholder composition
Individuals dominate ownership, and charities constitute the second largest category, clearly behind corporations.
99shareholders
Individuals90 shareholders83.38%
Charitable organizations6 shareholders7.69%
Companies1 shareholders5.49%
Non-profit social center1 shareholders2.67%
Endowment1 shareholders0.77%
Concentration of ownership
The 10 largest shareholders own 45.8% of the shares, and none of them has a sufficient stake to block a decision alone.
Cumulative share50% threshold
Largest shareholder9.76%
Top 3 shareholders21.30%
Top 5 shareholders30.73%
Top 10 shareholders45.76%
Top 20 shareholders66.23%
Top 50 shareholders91.66%
0%25%50%75%100%
The dotted line represents the majority threshold (50%). The top 50 shareholders own 91.7%, while the remaining 49 own only 8.3%.
Minimum number of shareholders to reach voting thresholds