Arend Oetker's daughter takes over shares in KWS

Last week, the 76 year old entrepreneur Arend Oetker transferred his shares in seed company KWS Saat SE, located in Einbeck, to his daughter Marie Theres Schnell. The Frankfurter Allgemeine Zeitung reports this, referencing a press release by KWS.

Schnell lives in Munich and is a graduated communication scientist and mother of four children. Arend Oetker stays involved in several companies and is involved in the Bundesverband der Deutschen Industrie (BDI).

Arend Oetker's family owns 25% of the voting rights shares. They are accredited to an asset management company which is seated in Berlin. Arend Oetker has now given the majority of his share 95% - to the next generation. Beside Marie theres Schnell, his younger children Johanna Oetker, Leopold Oetker, Clara Oetker and Ludwig Oetker take equal shares. According to reports, the family intends to “make their commitment last long-term.”

A further share of around 25% of the voting rights in KWS is in the hands of Andreas Büchting, a smaller third share with the family Giesecke. Altogether the three families represent 56% of the share proportions in the seed company.