The Novo Group
The Novo Group
A group of companies controlled by the Novo Nordisk Foundation
The Novo Group is a group of independent companies controlled by the Novo Nordisk Foundation. Novo Holdings serves as the holding company of the Group.
Through Novo Holdings, the Foundation owns the controlling stake in the two major companies of the Novo Group: Novo Nordisk A/S and Novozymes A/S, both of which are publicly listed. Novo Holdings owns more than 25% of the ordinary share capital of the two companies and controls more than 70% of the votes given our ownership of all the preferred (A) shares of Novo Nordisk and Novozymes.
In the case of Novo Nordisk and Novozymes, each preferred (A) share is allocated 10 votes and each ordinary (B) share one vote. The Foundation is obligated to maintain this controlling ownership in both companies.