Nordex SE (0MEC), the German wind turbine manufacturer headquartered in Rostock, has been the subject of a major shareholding disclosure filed under Article 40, Section 1 of the German Securities Trading Act (WpHG). BlackRock, Inc., registered in Wilmington, Delaware, notified Nordex SE that its combined voting interest crossed a reporting threshold on 3 November 2026, reaching a total position of 5.004%. The disclosure, disseminated via EQS News on 10 November 2026, is required under German regulatory rules governing significant shareholding changes and is intended for Europe-wide distribution.

Key Points

  • Nordex SE (0MEC) — German wind turbine manufacturer, headquartered at Erich-Schlesinger-Straße 50, Rostock, Germany
  • BlackRock, Inc. disclosed that its total combined voting interest in Nordex SE reached 5.004%, crossing a regulatory notification threshold on 3 November 2026
  • BlackRock's position comprises 3.21% in direct and indirect share voting rights, 0.53% through lent securities, and 1.26% through cash-settled contracts for difference; total voting rights in Nordex SE pursuant to Section 41 WpHG stand at 236,880,554
  • Investors may be watching whether BlackRock's increased instrument exposure signals further position changes at Nordex SE in the near term

BlackRock's 5.004% Combined Position in Nordex SE Breaks Down Across Shares and Instruments

According to the notification, BlackRock, Inc. held 3.21% of Nordex SE's voting rights through indirect share ownership under Section 34 WpHG, equating to 7,595,705 shares. In addition, the US asset manager held instruments accounting for a further 1.80% of voting rights: 1,262,644 voting rights (0.53%) through lent securities with a right of recall, and 2,996,176 voting rights (1.26%) through cash-settled contracts for difference with no fixed expiration date. Combined, these positions produced a total of 5.004%, up from a previously notified total of 4.97%, against a total Nordex SE voting rights figure of 236,880,554.

Nordex SE's Wind Energy Business and German Regulatory Context for the WpHG Filing

Nordex SE is a wind energy company focused on the development, manufacture, and servicing of onshore wind turbines, operating internationally from its German base in Rostock. The company's shares carry the LEI code 529900HVDYCUWVD0OE76 and trade under ISIN DE000A0D6554. The filing was made pursuant to Article 40, Section 1 of the WpHG, Germany's principal securities trading legislation, which requires investors to notify issuers and regulators when voting rights cross prescribed thresholds. Such disclosures are a standard mechanism for ensuring transparency around significant ownership changes at listed German companies.

BlackRock's Corporate Chain and Attribution of Voting Rights Across Multiple Subsidiaries

The announcement sets out an extensive chain of controlled undertakings through which BlackRock's voting rights in Nordex SE are attributed, spanning entities including BlackRock Investment Management (UK) Limited, BlackRock Fund Advisors, BlackRock Asset Management Ireland Limited, BlackRock Japan Co., Ltd., and BlackRock Asset Management Canada Limited, among numerous others. This attribution structure reflects the breadth of BlackRock's global asset management operations and is disclosed in full compliance with Section 34 WpHG requirements governing indirect holdings. The notification confirms BlackRock, Inc. is not itself controlled by another undertaking.

Change From Previous Nordex SE Notification Highlights Shift in Instrument Exposure

Comparing the new disclosure with BlackRock's previous notification, the share-based voting rights component fell marginally from 3.28% to 3.21%, whilst the instrument-based component increased from 1.69% to 1.80%. The overall position moved from 4.97% to 5.004%. The announcement states the threshold was crossed on 3 November 2026, with the notification dated 6 November 2026 and published on 10 November 2026. Investors in Nordex SE may be watching future filings to determine whether BlackRock's rising instrument exposure represents a tactical shift in its position within the renewable energy sector.