Bank of America Reduces Stake in Scout24 SE
Bank of America Corporation has reported a substantial decrease in its stake in Scout24 SE, with total voting rights falling to 4.54% from a previous 7.13%, according to a regulatory disclosure filed on October 15, 2026. The threshold was crossed on October 12, 2026.
About Scout24 SE
Scout24 SE, which operates ImmoScout24, Germany's leading digital marketplace for residential and commercial real estate with approximately 19-20 million monthly users, is headquartered in Berlin at Invalidenstraße 65. The company has been a member of Germany's premier DAX stock index since September 22, 2025, having previously traded on the MDAX since June 2018.
Details of the Disclosure
The disclosure, made under Article 40, Section 1 of the German Securities Trading Act (WpHG), shows that Bank of America's position now consists of 0.62% direct shareholding and 3.92% held through financial instruments. The filing was transmitted by EQS News for Europe-wide distribution.
This latest adjustment represents a significant shift in Bank of America's position. The U.S. banking giant had previously increased its Scout24 voting rights to 8.75% by August 31, 2026, and further expanded its stake to 11.45% by April 28, 2026, before executing the current reduction.
Ownership Structure
Scout24 maintains a widely dispersed ownership structure with a free float exceeding 90%, and approximately 65-66% of shares held by institutional investors. BlackRock remains the largest shareholder with around 6.2-7.4%, followed by major asset managers including Amundi, Allianz, and Vanguard. No single controlling shareholder holds more than 30% of shares.
Financial Performance
The company, founded in 1998 and publicly listed since October 2015, has demonstrated strong financial performance in 2026. First quarter revenue reached EUR 179.6 million with 13.9% growth, while second quarter revenue climbed to EUR 192.7 million, representing 20% year-over-year growth. The growth has been driven by the company's B2B subscription business and its acquisition of Spanish real estate platforms.
Regulatory Context
Article 40, Section 1 of the WpHG requires public disclosure when investors cross certain voting rights thresholds in publicly traded German companies, ensuring market transparency. Such disclosures are standard practice for voting rights announcements involving German public companies and provide crucial information to market participants about significant ownership changes.
Bank of America Corporation is based in Wilmington, Delaware, United States. The legal entity identifier (LEI) for Scout24 SE is 5493007EIKM2ENQS7U66.
