Group structure and shareholders

1.1 Group structure

The operational Group structure of BKW can be derived from the following illustration and the segment reporting under item 6 on pages 38 to 40 of the BKW Group’s consolidated financial statements. The current organisation can be viewed on the BKW website at

Group Markets & Services has been renamed Energy Markets & Group Services.


Listed Group companies

The shares of BKW AG, which has its headquarters in Bern, have been listed on the SIX Swiss Exchange since 12 December 2011. On 31 December 2020, BKW’s stock market capitalisation amounted to CHF 5,233.9 million.

About the BKW share

Securities code


Securities number




Trading currency


Type of security

Registered share

Scope of consolidation of the BKW Group

With the exception of BKW itself, BKW’s consolidation group only includes companies that are not listed separately on the stock exchange. The individual holdings of BKW in companies that are fully consolidated in the consolidated financial statements are listed on pages 93 to 98 of the consolidated financial statements. In all cases, the holding corresponds to the percentage of shares and voting rights.

1.2 Major shareholders

in %

Holding at 31.12.2019

Holding at 31.12.2020

Canton of Bern



Groupe E Ltd.



BKW AG and Group companies



No other shareholders registered more than 3 % of the voting rights of BKW during the reporting year in accordance with Art. 120 of the Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (FMIA).

The disclosures pursuant to Art. 120 FMIA that were published by BKW in the reporting year 2020 on the electronic publication platform of SIX Exchange Regulation can be viewed at the link

1.3 Cross shareholdings

BKW has no cross shareholdings of more than 5 % in a company outside of the BKW Group.

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