|
|
|
| |
|
|
| |
The
European Employee Ownership CAP 100
in 2008
Europe's largest companies that are partly or totally
employee-owned through an ESOP, share purchase plan,
or other share ownership plans, or as a workers'
co-operative. Companies are ranked following their equity held
by employees, in millions Euro.
The
European Employee Ownership EMP 100 in 2008
The
European Employee Ownership CAP 100 in 2007
The
European Employee Ownership CAP 100 in 2006
|
CAP
100
|
CAP
100
|
CAP
100
|
Company
|
EO
held
|
Capitalisation
|
%
|
Country
|
Employees
|
L/NL
|
First
|
Branche
|
|
Ranking
|
Ranking
|
Ranking
|
|
capitalisation
|
million
EUR
|
employee
|
|
|
(listed/
|
Plan
|
|
|
2008
|
2007
|
2006
|
|
million
EUR
|
May
2008
|
owned
|
|
|
non listed)
|
Year
|
|
|
1
|
4
|
2
|
Total |
5.523,2
|
132.142,2
|
4,18
|
FR
|
96.442
|
L
|
1.998
|
Integrated oil & gas
|
|
2
|
5
|
3
|
Novartis |
5.037,7
|
89.679,8
|
5,62
|
CH
|
98.200
|
L
|
1.990
|
Pharmaceuticals
manufactures
|
|
3
|
6
|
4
|
Mondragon Corporación Coop. |
4.641,3
|
5.078,0
|
91,40
|
ES
|
103.731
|
NL
|
1.956
|
Miscellaneous
|
|
4
|
3
|
7
|
BNP Paribas |
4.299,5
|
63.914,9
|
6,73
|
FR
|
162.687
|
L
|
1.997
|
Banks
|
|
5
|
9
|
24
|
Vinci |
2.907,9
|
24.510,4
|
11,86
|
FR
|
158.628
|
L
|
1.993
|
Heavy
construction
|
|
6
|
2
|
6
|
Société Générale |
2.879,1
|
33.136,7
|
8,69
|
FR
|
134.798
|
L
|
1.987
|
Banks
|
|
7
|
8
|
9
|
Axa |
2.833,9
|
49.098,6
|
5,77
|
FR
|
103.534
|
L
|
1.989
|
Life
insurance
|
|
8
|
11
|
10
|
Bouygues |
2.725,0
|
17.503,9
|
15,57
|
FR
|
137.500
|
L
|
1.968
|
Heavy
construction
|
|
9
|
12
|
12
|
John Lewis Partnership |
2.694,2
|
2.694,2
|
100,00
|
UK
|
68.200
|
NL
|
1.929
|
Department
stores
|
|
10
|
14
|
5
|
Deutsche Bank |
2.569,2
|
40.452,2
|
6,35
|
DE
|
78.291
|
L
|
1.974
|
Banks
|
|
11
|
1
|
1
|
UBS |
2.560,6
|
41.494,2
|
6,17
|
CH
|
83.560
|
L
|
1.997
|
Banks
|
|
12
|
19
|
16
|
Suez |
2.539,2
|
58.043,4
|
4,37
|
FR
|
86.513
|
L
|
1.994
|
Diversified
utilities
|
|
13
|
7
|
64
|
Crédit Suisse Group |
2.402,7
|
40.655,0
|
5,91
|
CH
|
48.100
|
L
|
1.996
|
Banks
|
|
14
|
15
|
18
|
EDF |
2.337,4
|
123.069,4
|
1,90
|
FR
|
158.640
|
L
|
1.992
|
Electric
utilities
|
|
15
|
10
|
8
|
Crédit
Agricole |
2.034,4
|
32.126,1
|
6,33
|
FR
|
86.866
|
L
|
2.001
|
Banks
|
|
16
|
20
|
23
|
TomTom |
1.703,9
|
3.136,5
|
54,33
|
NL
|
1.337
|
L
|
2.003
|
Wireless
communications serv.
|
|
17
|
18
|
26
|
France Telecom |
1.698,7
|
53.544,2
|
3,17
|
FR
|
187.331
|
L
|
1.992
|
Diversified
telecom operators
|
|
18
|
48
|
97
|
Daimler |
1.620,1
|
54.460,9
|
2,97
|
DE
|
272.382
|
L
|
1.996
|
Cars
manufacturers
|
|
19
|
21
|
31
|
Saint Gobain |
1.462,2
|
19.751,1
|
7,40
|
FR
|
205.730
|
L
|
1.987
|
Building
materials & equipment
|
|
20
|
13
|
29
|
Eiffage |
1.423,2
|
5.452,2
|
26,10
|
FR
|
71.963
|
L
|
1.986
|
Heavy
construction
|
|
21
|
16
|
15
|
Lloyds
TSB |
1.372,9
|
28.988,1
|
4,74
|
UK
|
69.553
|
L
|
1.984
|
Banks
|
|
22
|
22
|
32
|
Tesco |
1.366,6
|
42.359,0
|
3,23
|
UK
|
444.127
|
L
|
1.981
|
Department
stores
|
|
23
|
25
|
22
|
Svenska
Handelsbanken |
1.289,7
|
11.253,8
|
11,46
|
SV
|
10.768
|
L
|
1.973
|
Banks
|
|
24
|
24
|
21
|
Safran |
1.268,7
|
6.076,1
|
20,88
|
FR
|
63.262
|
L
|
1.969
|
Telecom
equipment
|
|
25
|
57
|
51
|
Nokia |
1.262,3
|
86.544,1
|
1,46
|
FI
|
112.262
|
L
|
1.994
|
Telecom
equipment
|
|
26
|
26
|
13
|
HSBC |
1.255,1
|
132.771,3
|
0,95
|
UK
|
315.520
|
L
|
1.984
|
Banks
|
|
27
|
30
|
33
|
PKO Bank
Polski |
1.211,0
|
14.416,6
|
8,40
|
PL
|
32.000
|
L
|
2.004
|
Banks
|
|
28
|
23
|
27
|
Sanofi-Aventis |
1.208,0
|
63.762,8
|
1,89
|
FR
|
99.495
|
L
|
1.990
|
Pharmaceuticals
manufactures
|
|
29
|
27
|
19
|
Banco Bilbao Vizcaya |
1.188,0
|
56.331,8
|
2,11
|
ES
|
111.913
|
L
|
1.999
|
Banks
|
|
30
|
42
|
61
|
Volkswagen |
1.181,5
|
58.942,8
|
2,00
|
DE
|
329.305
|
L
|
1.986
|
Cars
manufacturers
|
|
31
|
29
|
34
|
Siemens |
1.153,9
|
57.428,0
|
2,01
|
DE
|
398.200
|
L
|
1.998
|
Electronics
manufact.& equipt
|
|
32
|
28
|
30
|
Dexia |
1.150,5
|
19.788,3
|
5,81
|
BE
|
35.202
|
L
|
1.995
|
Banks
|
|
33
|
52
|
1195
|
Arcelor Mittal |
1.093,0
|
93.594,2
|
1,17
|
NL
|
311.466
|
L
|
1.998
|
Steel
production
|
|
34
|
44
|
65
|
Voestalpine |
997,9
|
8.939,0
|
11,16
|
AT
|
41.490
|
L
|
2.001
|
Steel
production
|
|
35
|
56
|
1506
|
OMV |
985,1
|
16.593,0
|
5,94
|
AT
|
33.665
|
L
|
2.000
|
Oil
& gas explor. & production
|
|
36
|
33
|
39
|
Colruyt |
945,5
|
5.478,8
|
17,26
|
BE
|
20.338
|
L
|
1.987
|
Grocery
retailing
|
|
37
|
73
|
55
|
Royal
Dutch Shell |
925,8
|
165.490,1
|
0,56
|
UK
|
104.000
|
L
|
1.967
|
Integrated
oil & gas
|
|
38
|
47
|
57
|
Anglo American |
903,9
|
58.672,5
|
1,54
|
UK
|
116.000
|
L
|
1.990
|
Mineral
extractors- other
|
|
39
|
45
|
37
|
Auchan |
900,9
|
6.898,0
|
13,06
|
FR
|
186.443
|
NL
|
1.977
|
Department
stores
|
|
40
|
34
|
43
|
Schneider Electric |
872,7
|
18.803,8
|
4,64
|
FR
|
119.340
|
L
|
1.994
|
Electrical
products
|
|
41
|
46
|
49
|
Gaz de France |
848,8
|
42.011,3
|
2,02
|
FR
|
47.560
|
L
|
2.002
|
Gas
utilities
|
|
42
|
37
|
20
|
GlaxoSmithKline |
845,1
|
82.353,1
|
1,03
|
UK
|
103.401
|
L
|
1.991
|
Pharmaceuticals
manufactures
|
|
43
|
111
|
115
|
Admiral |
835,2
|
2.927,8
|
28,53
|
UK
|
2.364
|
L
|
2.000
|
Insurance
brokers
|
|
44
|
54
|
14
|
Vodafone |
828,8
|
119.263,7
|
0,69
|
UK
|
72.375
|
L
|
1.988
|
Diversified
telecom operators
|
|
45
|
41
|
42
|
RWE |
809,8
|
40.490,6
|
2,00
|
DE
|
63.439
|
L
|
2.001
|
Diversified
utilities
|
|
46
|
31
|
35
|
Renault |
784,7
|
19.461,2
|
4,03
|
FR
|
130.179
|
L
|
1.987
|
Cars
manufacturers
|
|
47
|
49
|
17
|
BP |
779,3
|
151.397,2
|
0,51
|
UK
|
97.600
|
L
|
1.990
|
Integrated
oil & gas
|
|
48
|
409
|
449
|
Lindt |
773,3
|
4.624,3
|
16,72
|
CH
|
7.793
|
L
|
1.999
|
Other
food products
|
|
49
|
43
|
46
|
Essilor |
737,7
|
8.256,8
|
8,94
|
FR
|
31.534
|
L
|
1.972
|
Other
non-durables
|
|
50
|
32
|
45
|
Air France - KLM |
720,2
|
5.980,4
|
12,04
|
FR
|
104.659
|
L
|
1.998
|
Airlines
|
|
51
|
51
|
77
|
Groupe Danone |
716,8
|
28.495,5
|
2,52
|
FR
|
76.044
|
L
|
1.997
|
Dairy
products
|
|
52
|
36
|
41
|
EFG International |
689,0
|
3.388,3
|
20,33
|
CH
|
1.864
|
L
|
2.005
|
Banks
|
|
53
|
17
|
25
|
Barclays |
680,4
|
34.497,8
|
1,97
|
UK
|
135.000
|
L
|
1.974
|
Investment
banking & brokerage
|
|
54
|
61
|
93
|
Unipart |
665,4
|
950,5
|
70,00
|
UK
|
8.800
|
NL
|
1.987
|
Cars
parts manufacturers
|
|
55
|
86
|
318
|
Nestle |
632,4
|
123.759,7
|
0,51
|
CH
|
276.000
|
L
|
2.001
|
Diversified
foods
|
|
56
|
71
|
78
|
L'Oréal |
597,1
|
47.763,7
|
1,25
|
FR
|
63.358
|
L
|
1.968
|
Personal
care products
|
|
57
|
60
|
56
|
SAP |
565,1
|
40.948,4
|
1,38
|
DE
|
44.023
|
L
|
2.000
|
Other
software
|
|
58
|
128
|
79
|
Sampo |
532,3
|
10.715,3
|
4,97
|
FI
|
6.846
|
L
|
1.998
|
Banks
|
|
59
|
55
|
118
|
Consorzio Veneto Cooperativo |
519,6
|
715,6
|
72,60
|
IT
|
17.000
|
NL
|
1.954
|
Building,
civil engineering
|
|
60
|
64
|
73
|
Allianz |
513,3
|
58.204,4
|
0,88
|
DE
|
181.207
|
L
|
1.998
|
General
insurance & other
|
|
61
|
77
|
222
|
Veolia Environnement |
509,6
|
21.465,2
|
2,37
|
FR
|
319.502
|
L
|
2.000
|
Water
utilities
|
|
62
|
63
|
188
|
Erste Bank der Oest. Sparkasse |
498,7
|
15.492,0
|
3,22
|
AT
|
52.442
|
L
|
1.997
|
Banks
|
|
63
|
66
|
95
|
Lafarge |
493,6
|
20.271,2
|
2,44
|
FR
|
69.319
|
L
|
1.961
|
Concrete
& cement
|
|
64
|
176
|
215
|
BG Group |
491,2
|
58.683,6
|
0,84
|
UK
|
5.098
|
L
|
2.000
|
Oil
& gas explor. & production
|
|
65
|
62
|
85
|
Vivendi |
482,4
|
30.891,7
|
1,56
|
FR
|
39.919
|
L
|
1.998
|
Diversified
media
|
|
66
|
78
|
185
|
Philips Electronics |
477,5
|
26.726,5
|
1,79
|
NL
|
123.801
|
L
|
1.991
|
Appliances
& cons. electronics
|
|
67
|
87
|
157
|
Fortum |
456,6
|
25.595,5
|
1,78
|
FI
|
8.303
|
L
|
1.999
|
Electric
utilities
|
|
68
|
149
|
52
|
WPP Group |
455,3
|
9.304,5
|
4,89
|
UK
|
90.182
|
L
|
1.993
|
Advertising
|
|
69
|
74
|
81
|
BASF |
431,1
|
44.377,8
|
0,97
|
DE
|
95.175
|
L
|
1.999
|
Diversified
chemicals
|
|
70
|
88
|
389
|
ING |
430,6
|
57.682,6
|
0,75
|
NL
|
124.634
|
L
|
1.982
|
Banks
& General insurance
|
|
71
|
59
|
594
|
Bayer |
430,0
|
42.130,5
|
1,02
|
DE
|
106.200
|
L
|
2.000
|
Diversified
chemicals
|
|
72
|
185
|
312
|
Syngenta |
426,3
|
19.994,2
|
2,13
|
CH
|
21.700
|
L
|
1.994
|
Agricultural
chemicals
|
|
73
|
38
|
28
|
HBOS |
418,8
|
21.892,7
|
1,91
|
UK
|
74.087
|
L
|
1.985
|
Banks
|
|
74
|
98
|
91
|
Alcatel-Lucent |
415,6
|
11.132,6
|
3,73
|
FR
|
76.410
|
L
|
1.996
|
Telecom
equipment
|
|
75
|
186
|
327
|
InBev |
413,5
|
31.136,8
|
1,33
|
BE
|
88.690
|
L
|
1.999
|
Beverages
|
|
76
|
187
|
83
|
Unilever plc |
397,7
|
28.645,3
|
1,39
|
UK
|
87.500
|
L
|
1.985
|
Diversified
foods
|
|
77
|
203
|
267
|
Unilever NV |
393,6
|
37.261,0
|
1,06
|
NL
|
87.500
|
L
|
1.985
|
Diversified
foods
|
|
78
|
69
|
2058
|
Bank of Cyprus |
387,7
|
5.107,3
|
7,59
|
CY
|
6.909
|
L
|
2.000
|
Banks
|
|
79
|
68
|
53
|
Sacmi |
387,0
|
533,0
|
72,60
|
IT
|
3.474
|
NL
|
1.919
|
Glass
& clay
|
|
80
|
338
|
377
|
Alstom |
386,5
|
21.995,1
|
1,76
|
FR
|
67.924
|
L
|
1.998
|
Machinery
& equipment
|
|
81
|
93
|
176
|
Air Liquide |
381,6
|
22.205,5
|
1,72
|
FR
|
40.300
|
L
|
1.986
|
Commodity
chemicals
|
|
82
|
53
|
133
|
Kaupthing Bank |
378,1
|
4.825,4
|
7,84
|
IS
|
3.334
|
L
|
2.000
|
Banks
|
|
83
|
35
|
59
|
British Telecom |
372,6
|
24.791,6
|
1,50
|
UK
|
111.858
|
L
|
1.984
|
Diversified
telecom operators
|
|
84
|
95
|
75
|
British American Tobacco |
368,9
|
49.938,3
|
0,74
|
UK
|
97.696
|
L
|
1.998
|
Tobacco
products
|
|
85
|
72
|
60
|
Carrefour |
359,3
|
32.735,7
|
1,10
|
FR
|
490.042
|
L
|
1.995
|
Grocery
retailing
|
|
86
|
89
|
254
|
Rolls-Royce |
356,9
|
10.283,1
|
3,47
|
UK
|
39.500
|
L
|
1.995
|
Aerospace/defense
|
|
87
|
91
|
76
|
Standard Chartered |
355,1
|
32.381,5
|
1,10
|
UK
|
69.612
|
L
|
1.984
|
Banks
|
|
88
|
82
|
86
|
Diageo |
348,3
|
38.800,0
|
0,90
|
UK
|
24.373
|
L
|
1.991
|
Beverages
|
|
89
|
97
|
166
|
Greenwich Leisure |
342,5
|
342,5
|
100,00
|
UK
|
3.000
|
NL
|
1.993
|
Leisure
& entertainment
|
|
90
|
184
|
80
|
BCM Holding (Eircom) |
339,9
|
971,0
|
35,00
|
IE
|
7.223
|
NL
|
1.999
|
Diversified
telecom operators
|
|
91
|
891
|
985
|
Merkur |
339,7
|
531,6
|
63,90
|
SL
|
4.524
|
NL
|
1.990
|
Other
industrial products
|
|
92
|
40
|
11
|
Royal Bank
of Scotland |
321,3
|
34.397,3
|
0,93
|
UK
|
136.600
|
L
|
1.980
|
Banks
|
|
93
|
84
|
90
|
PSA Peugeot Citroen |
319,0
|
10.739,4
|
2,97
|
FR
|
207.800
|
L
|
1.995
|
Cars
manufacturers
|
|
94
|
209
|
68
|
E.ON |
317,8
|
90.866,5
|
0,35
|
DE
|
87.815
|
L
|
1.999
|
Diversified
utilities
|
|
95
|
272
|
289
|
Rio Tinto |
305,2
|
93.786,3
|
0,33
|
UK
|
51.677
|
L
|
1.987
|
Extractive
industries & services
|
|
96
|
188
|
194
|
PA Consulting Group |
303,7
|
303,7
|
100,00
|
UK
|
3.000
|
NL
|
nc
|
Business
support
|
|
97
|
245
|
292
|
LVMH |
291,8
|
37.651,7
|
0,78
|
FR
|
71.885
|
L
|
1.992
|
Luxury
goods & watches
|
|
98
|
96
|
152
|
DnB NOR |
287,6
|
13.081,3
|
2,20
|
NO
|
13.817
|
L
|
2.000
|
Banks
|
|
99
|
75
|
66
|
Arcadis |
282,4
|
824,4
|
34,26
|
NL
|
13.391
|
L
|
1.987
|
Engineering
& architectural
|
|
100
|
194
|
171
|
Palmer & Harvey, Mc Lane |
270,7
|
360,9
|
75,00
|
UK
|
3.821
|
NL
|
2.002
|
Miscellaneous
wholesale
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
For
information and contact
EFES - EUROPEAN
FEDERATION OF EMPLOYEE SHARE OWNERSHIP
FEAS - FEDERATION EUROPEENNE DE L'ACTIONNARIAT SALARIE
Avenue Voltaire 135, B-1030 Brussels
Tel/fax: +32 (0)2 242 64 30
E-mail: efes@efesonline.org
Web site: www.efesonline.org
EFES' objective is to act as the umbrella organization
of employee owners, companies and all persons, trade
unions, experts, researchers, institutions looking
to promote employee ownership and participation
in Europe.
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