Bertelsmann has finally made good on changing the company’s overall legal structure to SE & Co. KGaA, which is often used for businesses with a family-style ownership and structure, from AG (a privately-owned joint stock company.) In a brief announcement Bertelsmann stressed the change was an “identity-preserving change of legal form” which won’t change their ownership structure and corporate structure, or anything for the company’s employees. But it could make it possible for Bertelsmann to raise capital by issuing shares to the public, without giving those public shareholders any meaningful control in how the company is run. Back in March […]
