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Bayer AG — Major Shareholding Notification 2026
Jan 23, 2026
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Major Shareholding Notification
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News Details
Voting rights Announcements | 23 January 2026 06:35
The Goldman Sachs Group, Inc., Wilmington, DE, United States of America (USA)
Bayer Aktiengesellschaft
Bayer Aktiengesellschaft: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
23.01.2026 / 06:35 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News – a service of EQS Group .
The issuer is solely responsible for the content of this announcement.
Notification of Major Holdings
1. Details of issuer
| Name: | Bayer Aktiengesellschaft |
| Street: | Kaiser-Wilhelm-Allee 1 |
| Postal code: | 51373 |
| City: | Leverkusen Germany |
| Legal Entity Identifier (LEI): | 549300J4U55H3WP1XT59 |
2. Reason for notification
| Acquisition/disposal of shares with voting rights | |
| X | Acquisition/disposal of instruments |
| Change of breakdown of voting rights | |
| Other reason: |
3. Details of person subject to the notification obligationLegal entity: The Goldman Sachs Group, Inc.
City of registered office, country: Wilmington, DE, United States of America (USA)
4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
**5. Date on which threshold was crossed or reached:**16 Jan 2026
6. Total positions
| % of voting rights attached to shares (total of 7.a.) | % of voting rights through instruments (total of 7.b.1 + 7.b.2) | Total of both in % (7.a. + 7.b.) | Total number of voting rights pursuant to Sec. 41 WpHG | |
| New | 0.39 % | 4.27 % | 4.66 % | 982424082 |
| Previous notification | 0.27 % | 4.90 % | 5.16 % | / |
7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
| ISIN | Absolute | In % | ||
| Direct (Sec. 33 WpHG) | Indirect (Sec. 34 WpHG) | Direct (Sec. 33 WpHG) | Indirect (Sec. 34 WpHG) | |
| US0727303028 | 0 | 497455 | 0 % | 0.05 % |
| DE000BAY0017 | 0 | 3299199 | 0 % | 0.34 % |
| Total | 3796654 | 0.39 % |
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
| Type of instrument | Expiration or maturity date | Exercise or conversion period | Voting rights absolute | Voting rights in % |
| Right To Recall | Open | 3336407 | 0.34 % | |
| Right Of Use | Open | 7616578 | 0.78 % | |
| Call Option | 18.12.2026 | 8652336 | 0.88 % | |
| Swap | 15.12.2026 | 249954 | 0.03 % | |
| Call Warrant | 13.02.2029 | 523111 | 0.05 % | |
| Total | 20378385 | 2.07 % |
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
| Type of instrument | Expiration or maturity date | Exercise or conversion period | Cash or physical settlement | Voting rights absolute | Voting rights in % |
| Future | 17.12.2027 | Cash | 3564915 | 0.36 % | |
| Put Option | 17.12.2027 | Physical | 5027500 | 0.51 % | |
| Call Option | 24.07.2031 | Cash | 45580 | 0.005 % | |
| Call Warrant | 31.12.2030 | Cash | 2096884 | 0.21 % | |
| Swap | 02.01.2036 | Cash | 10842373 | 1.10 % | |
| Total | 21577251 | 2.20 % |
8. Information in relation to the person subject to the notification obligation
| Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). | |
| X | Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: |
| Name | % of voting rights (if at least 3% or more) | % of voting rights through instruments (if at least 5% or more) | Total of both (if at least 5% or more) |
| The Goldman Sachs Group, Inc. | % | % | % |
| GSAM Holdings LLC | % | % | % |
| Goldman Sachs Asset Management, L.P. | % | % | % |
| – | % | % | % |
| The Goldman Sachs Group, Inc. | % | % | % |
| GSAM Holdings LLC | % | % | % |
| Goldman Sachs Asset Management Holdings LLC | % | % | % |
| Goldman Sachs Asset Management UK Holdings I Ltd | % | % | % |
| Goldman Sachs Asset Management UK Holdings II Ltd | % | % | % |
| Goldman Sachs Asset Management Holdings I B.V. / Goldman Sachs Asset Management Holdings II B.V. | % | % | % |
| Goldman Sachs Asset Management Holdings B.V. | % | % | % |
| Goldman Sachs Asset Management International Holdings B.V. | % | % | % |
| Goldman Sachs Asset Management B.V. | % | % | % |
| – | % | % | % |
| The Goldman Sachs Group, Inc. | % | % | % |
| Goldman, Sachs & Co. Wertpapier GmbH | % | % | % |
| – | % | % | % |
| The Goldman Sachs Group, Inc. | % | % | % |
| GS Global Markets, Inc. | % | % | % |
| Goldman Sachs Finance Corp International Ltd | % | % | % |
| – | % | % | % |
| The Goldman Sachs Group, Inc. | % | % | % |
| Goldman Sachs Bank USA | % | % | % |
| Goldman Sachs Bank Europe SE | % | % | % |
| – | % | % | % |
| The Goldman Sachs Group, Inc. | % | % | % |
| Folio Financial, Inc. | % | % | % |
| Folio Investments, Inc. | % | % | % |
| – | % | % | % |
| The Goldman Sachs Group, Inc. | % | % | % |
| Goldman Sachs & Co. LLC | % | % | % |
| – | % | % | % |
| The Goldman Sachs Group, Inc. | % | % | % |
| Goldman Sachs (UK) L.L.C. | % | % | % |
| Goldman Sachs Group UK Limited | % | % | % |
| Goldman Sachs International | % | % | % |
9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)
Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
| Proportion of voting rights | Proportion of instruments | Total of both |
| % | % | % |
10. Other explanatory remarks:
Date
22 Jan 2026
23.01.2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
| Language: | English |
| Company: | Bayer Aktiengesellschaft |
| Kaiser-Wilhelm-Allee 1 | |
| 51373 Leverkusen | |
| Germany | |
| Internet: | www.bayer.com |
| End of News | EQS News Service |
2264818 23.01.2026 CET/CEST