As at 31 December 2020, the Company’s largest shareholder was the Carlsberg Foundation, holding 30% of the share capital and 76% of the votes. In addition, Massachusetts Financial Services Company (“MFS”) has informed the Company that their holding of Carlsberg shares exceed 5% of the share capital. At the end of 2020, Carlsberg had approximately 52,000 registered shareholders.

Ownership Structure


Geographical Split of Shareholder Base