Ownership profile
Who owns Oatly?
Oatly is a publicly traded Swedish company (Nasdaq: OTLY), so it is owned by the open market; its single largest shareholder is China Resources Verlinvest Health Investment Ltd (a joint venture between Chinese state-owned China Resources and Belgian investment firm Verlinvest) with ~45% of shares, while private equity firm Blackstone holds a minority stake acquired in 2020 before Oatly's 2021 IPO.
Ownership profile
Oatly
Oatly Group AB (publ)
Evidence (12)
As of August 21, 2026, Oatly Group AB (OTLY) has a market capitalization of approximately $463 million and a stock price of $14.50
https://pitchbook.com/profiles/company/110426-23China Resources Verlinvest Health Investment Ltd is Oatly's largest shareholder with approximately 45% of shares outstanding, per a July 2025 report
https://ionanalytics.com/insights/mergermarket/oatly-group-explores-china-business-carveout/China Resources and Verlinvest formed a joint venture to invest in Oatly in 2016, with China Resources being a conglomerate owned by the Chinese state
https://ionanalytics.com/insights/mergermarket/oatly-group-explores-china-business-carveout/Oatly Group AB is a public limited company incorporated and domiciled in Malmö, Sweden, listed on the Nasdaq Global Select Market under ticker OTLY
https://www.sec.gov/Archives/edgar/data/1843586/000095017023017345/otly-ex99_1.htmOatly Group AB is publicly traded on the Nasdaq Global Select Market under ticker OTLY; its ADSs began trading on May 20, 2021
https://investors.oatly.com/faqOatly's May 2021 IPO raised approximately $1.4 billion at $17 per share, implying a $10 billion valuation, broadening the shareholder base
https://www.cnbc.com/2021/05/20/oatly-ipo-otly-starts-trading-on-nasdaq.htmlChina Resources Verlinvest Health Investment Ltd was identified as the ultimate parent entity and controlling party in Oatly's SEC F-1 filing, holding 60.5% as of December 31, 2020 (prior to the 2021 IPO)
https://www.sec.gov/Archives/edgar/data/1843586/000119312521121323/d123209df1.htmIn July 2020, Blackstone Growth led a $200 million equity investment in Oatly; Blackstone and co-investors joined as minority shareholders
https://www.blackstone.com/news/press/oatly-gains-momentum-in-its-global-plant-based-movement-and-fuels-expansion-with-a-200-million-equity-investment-led-by-blackstone-growth/Wikipedia notes Oatly is part-owned by Blackstone Inc. (7%), Verlinvest and China Resources (45.9% via Nativus Company Limited), Industrifonden, Östersjöstiftelsen, and employees
https://en.wikipedia.org/wiki/OatlyAs of late 2021/early 2022, Blackstone Inc. was the second largest shareholder owning approximately 13% of common stock, with China Resources Verlinvest Health Investment Ltd holding 46%
https://finance.yahoo.com/news/private-companies-oatly-group-ab-135825166.htmlAs of September 2022, private equity firms held approximately 6.7% stake in Oatly Group (understood to refer to Blackstone)
https://simplywall.st/stocks/us/food-beverage-tobacco/nasdaq-otly/oatly-group/news/private-companies-among-oatly-group-abs-nasdaqotly-largest-s/ampThe Blackstone-led 2020 round represented approximately 10% stake in Oatly, making Blackstone and co-investors minority shareholders
https://www.esmmagazine.com/a-brands/blackstone-led-group-invests-swedish-oat-milk-company-oatly-report-103465What's uncertain
- Blackstone's exact current stake is hard to pin down precisely — reported figures range from ~6–7% (2022 estimates) to ~13% (2024 secondary sources); the most authoritative current figure would require reviewing the most recent 20-F or proxy filing directly.
- China Resources Verlinvest Health Investment Ltd's stake has diluted from 60.5% pre-IPO (2020) to approximately 45% post-IPO; this figure is broadly consistent across multiple mid-2025 sources but may shift with further share issuances or open-market transactions.
- Blackstone's 2020 investment was as a minority shareholder via Blackstone Growth (a growth equity vehicle, not a classic buyout fund); pe_involvement is therefore 'influenced' rather than 'controlled'.
- Oatly's ownership structure is complex: the largest block is a JV between Belgian family investment firm Verlinvest and Chinese state-owned enterprise China Resources — neither of which is a traditional PE firm. Their combined stake post-IPO no longer constitutes outright majority control.
- Sources for exact current Blackstone stake post-2024 are secondary analyses and news, not direct SEC filings reviewed for this investigation. Staleness risk exists for precise percentage figures.