Due to a change in the composition of CROBEX, we decided to give you a brief overview of CROBEX components’ free float.
In our analysis we considered free float to equal all individual shareholdings lower than 5%, while pension funds and UCITS funds were considered as free float regardless of their shareholding percentage.
Free Float of CROBEX Constituents (%)
Among the 21 CROBEX components 7 have a free float higher than 50%, indicating that a small group of majority shareholders still holds the roughly two-thirds of CROBEX components. Of the constituents, Adris (preferred) stock tops the list with a free float of 93%, followed by Atlantska Plovidba with 81%. Podravka comes next with a free float of 78%.
On the other side, banks have the lowest free floats with PBZ having only 2%, as it is almost entirely owned by Intesa Sanpaolo (97%). ZABA, almost completely owned by Unicredit (84%), has the second-lowest free float of 3%.
It is worth noting that the Prime Market, which is the Stock Exchange’s most demanding market regarding the requirements set before the issuer, requires the issuer to have a free float of at least 35%. If we were to compare CROBEX to that parameter, seven companies would not meet the criteria.
