| Group parent | Country | Subsidiaries | Countries |
|---|
| LOPEZO HOLDING S.P.A. | Italy | 2 | 1 |
| LORD EIENDOM AS | Norway | 2 | 1 |
| LOS GRUPPEN AS | Norway | 2 | 1 |
| LOTTOMATICA GROUP S.P.A. | Italy | 2 | 1 |
| Lotus Travel Holding AB | Sweden | 2 | 1 |
| LOUIS KJÆRGAARD ApS | Denmark | 2 | 1 |
| LPL FINANCIAL HOLDINGS INC. | United States | 2 | 1 |
| LSA Invest Holding B.V. | Netherlands | 2 | 1 |
| LSG Holding B.V. | Netherlands | 2 | 1 |
| LSO Osuuskunta | Finland | 2 | 1 |
| LT CORPORATION, INC. | United States | 2 | 1 |
| LT Land Limited | British Virgin Islands | 2 | 1 |
| LUBE HOLDING S.R.L. | Italy | 2 | 1 |
| LUCA S.P.A. | Italy | 2 | 1 |
| LUCECO PLC | United Kingdom | 2 | 1 |
| LUIGI TOGNI & C. S.R.L. | Italy | 2 | 1 |
| LUKROM, spol. s r.o. | Czechia | 2 | 1 |
| Luleå Kommunföretag Aktiebolag | Sweden | 2 | 1 |
| LUMAX AUTO TECHNOLOGIES LIMITED | India | 2 | 1 |
| Luminosity Event Holding B.V. | Netherlands | 2 | 1 |
| Lundahl & Hall AB | Sweden | 2 | 1 |
| LURRA ITSASOA S.L. | Spain | 2 | 1 |
| LUXE SOURCE SOCIEDAD LIMITADA | Spain | 2 | 1 |
| LUXMAN S.R.L. IN LIQUIDAZIONE | Italy | 2 | 1 |
| LUXMI TEA COMPANY PRIVATE LIMITED | India | 2 | 1 |
| LVAO FINANCES | France | 2 | 1 |
| Lyckes Holding AB | Sweden | 2 | 1 |
| LYNGTUN BREIVIKA AS | Norway | 2 | 1 |
| Lynniam Ventures-1, LLC | United States | 2 | 1 |
| Lysa Group AB | Sweden | 2 | 1 |
| LYSKILDEN HOLDING AS | Norway | 2 | 1 |
| M & M CONSULT ApS | Denmark | 2 | 1 |
| M LAGARES SL | Spain | 2 | 1 |
| M-Invest B.V. | Netherlands | 2 | 1 |
| M-S Invest AB | Sweden | 2 | 1 |
| M. CAMACHO INTERNACIONAL S.L. | Spain | 2 | 1 |
| M.A.B. | France | 2 | 1 |
| M.D. Davidse Beheer B.V. | Netherlands | 2 | 1 |
| M.E. S.P.A. | Italy | 2 | 1 |
| M.G.A. Holding Aktiebolag | Sweden | 2 | 1 |
| M.P. POWER MANAGEMENT COMPANY LIMITED | India | 2 | 1 |
| M.Sparenberg Vermögensverwaltung GmbH | Germany | 2 | 1 |
| M.V.S. SRL | Italy | 2 | 1 |
| M/S2 Holding ApS | Denmark | 2 | 1 |
| M2 HOLDING AS | Norway | 2 | 1 |
| M7 REAL ESTATE LTD | United Kingdom | 2 | 1 |
| MA Future Investment Holding AB | Sweden | 2 | 1 |
| MABECO Management- und Beteiligungs GmbH | Austria | 2 | 1 |
| MACANDREWS & FORBES INCORPORATED | United States | 2 | 1 |
| Macquarie Green Energy and Climate Opportunities Fund SCSp | Luxembourg | 2 | 1 |
| MADISON DEARBORN PARTNERS, LLC | United States | 2 | 1 |
| MADISON IAQ LLC | United States | 2 | 1 |
| MADISON WELLS MEDIA, LLC | United States | 2 | 1 |
| MAESAMI | France | 2 | 1 |
| MAFELL Aktiengesellschaft | Germany | 2 | 1 |
| MAGG CAPITAL, S.L. | Spain | 2 | 1 |
| MAGICRETE BUILDING SOLUTIONS PRIVATE LIMITED | India | 2 | 1 |
| MagNet Magyar Közösségi Bank Zrt. | Hungary | 2 | 1 |
| Magnum Heating Group B.V. | Netherlands | 2 | 1 |
| MAGRIS HOLDING S.P.A. | Italy | 2 | 1 |
| Magris Performance Materials Inc. | Canada | 2 | 1 |
| MAHANSARIA ENTERPRISES PRIVATE LIMITED | India | 2 | 1 |
| MAINSYS GROUP | Belgium | 2 | 1 |
| MAISON CANTINI FLANDIN | France | 2 | 1 |
| MALANDA INVERSIONES, S.L.U | Spain | 2 | 1 |
| MALBRO SRL | Italy | 2 | 1 |
| Målerifirman Gusten Persson AB | Sweden | 2 | 1 |
| MALLARD BUYER CORP. | United States | 2 | 1 |
| MALPANI PARKS PRIVATE LIMITED | India | 2 | 1 |
| MANAPPURAM FINANCE LIMITED | India | 2 | 1 |
| MANASH LIFESTYLE PRIVATE LIMITED | India | 2 | 1 |
| Mandel Förvaltnings AB | Sweden | 2 | 1 |
| MANFREPLAST S.R.L. IN LIQUIDAZIONE | Italy | 2 | 1 |
| MANIPAL HEALTH ENTERPRISES LIMITED | India | 2 | 1 |
| MANIPAL TECHNOLOGIES LIMITED | India | 2 | 1 |
| MANJEERA HOTELS AND RESORTS PRIVATE LIMTIED | India | 2 | 1 |
| MANN FEEDS PRIVATE LIMITED | India | 2 | 1 |
| Manna International | Belgium | 2 | 1 |
| MANSI SHARE AND STOCK BROKING PRIVATE LIMITED | India | 2 | 1 |
| MANUCHAR INTERNATIONAL TRADE SERVICES | Belgium | 2 | 1 |
| MANUKA DEVELOPERS PRIVATE LIMITED | Singapore | 2 | 1 |
| MAQUINARIA AUTOMATICA DEL NOROESTE,S.A. | Spain | 2 | 1 |
| MARACCION SOCIEDAD LIMITADA | Spain | 2 | 1 |
| MARANELLO 51 S.R.L. | Italy | 2 | 1 |
| MARATHON REALTY PRIVATE LIMITED | India | 2 | 1 |
| MARCELLO GABANA SPA | Italy | 2 | 1 |
| MARCHESE S.P.A. | Italy | 2 | 1 |
| MARFIN S.P.A. | Italy | 2 | 1 |
| MARFIX PARTICIPACIONS SL | Spain | 2 | 1 |
| MARIGLIANO S.P.A. | Italy | 2 | 1 |
| MARIN MONTEJANO, S.A. | Spain | 2 | 1 |
| MARITIME HOLDING AS | Norway | 2 | 1 |
| MARKET GARDENERS LIMITED | New Zealand | 2 | 1 |
| MARSHALL MONTEAGLE PLC | Jersey | 2 | 1 |
| MARTIN ENGBJERG HOLDING ApS | Denmark | 2 | 1 |
| Martinson Group Aktiebolag | Sweden | 2 | 1 |
| Masan Group Corporation | Vietnam | 2 | 1 |
| Maschinenfabrik Berthold Hermle Aktiengesellschaft | Germany | 2 | 1 |
| Masiello Invest AB | Sweden | 2 | 1 |
| MASSILLY HOLDING | France | 2 | 1 |
| MASSIMO CARRARA PARTECIPAZIONI S.P.A. | Italy | 2 | 1 |
| Masterflex SE | Germany | 2 | 1 |
| MATADOR RESOURCES COMPANY | United States | 2 | 1 |
| MATIRA VENTURES SOCIEDAD LIMITADA | Spain | 2 | 1 |
| Matterhorn AEH AB | Sweden | 2 | 1 |
| Mattias Grönnelid Förvaltning AB | Sweden | 2 | 1 |
| MATTIAS ITALIA S.R.L. | Italy | 2 | 1 |
| MÁV MAGYAR ÁLLAMVASUTAK ZÁRTKÖRŰEN MŰKÖDŐ RÉSZVÉNYTÁRSASÁG | Hungary | 2 | 1 |
| Maverick Derivatives B.V. | Netherlands | 2 | 1 |
| Maxam Prill S.à r.l. | Luxembourg | 2 | 1 |
| Maxim Power Corp. | Canada | 2 | 1 |
| MAXIM-Holding GmbH & Co. KG | Germany | 2 | 1 |
| Maximus Group Holdings Limited | British Virgin Islands | 2 | 1 |
| Maxito AB | Sweden | 2 | 1 |
| Maya Holding Anonim Şirketi | Türkiye | 2 | 1 |
| MAYBRIGHT VENTURES PRIVATE LIMITED | India | 2 | 1 |
| MAYMAT INVESTMENTS S.R.L. IN BREVE "MAYMAT S.R.L." | Italy | 2 | 1 |
| MBL INFRASTRUCTURE LIMITED | India | 2 | 1 |
| MCH | France | 2 | 1 |
| MCH Group AG | Switzerland | 2 | 1 |
| MCI MANAGEMENT SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ | Poland | 2 | 1 |
| MD Financial Management Inc. | Canada | 2 | 1 |
| MDE SERVICES GROUP LIMITED | United Kingdom | 2 | 1 |
| MDM CAPITAL | France | 2 | 1 |
| MDN RE HOLDING COMPANY I, LLC | United States | 2 | 1 |
| MDS SGPS, S.A | Portugal | 2 | 1 |
| MDT - LTM Investments, LLC | United States | 2 | 1 |
| MECADAQ GROUP | France | 2 | 1 |
| Mediamobility AB | Sweden | 2 | 1 |
| MEDIAN B.V. | Netherlands | 2 | 1 |
| MEDIFIN | France | 2 | 1 |
| Medis Group, investiranje in gospodarjenje, d.o.o. | Slovenia | 2 | 1 |
| MEDITRINA HOSPITALS PRIVATE LIMITED | India | 2 | 1 |
| Medströms Aktiebolag | Sweden | 2 | 1 |
| MEGA eG | Germany | 2 | 1 |
| MEGGITT PLC | United Kingdom | 2 | 1 |
| Meijer Realty Partners B.V. | Netherlands | 2 | 1 |
| Meissner Filtration Products, Inc. | United States | 2 | 1 |
| Mekanotjänst Holding CF AB | Sweden | 2 | 1 |
| MELANION DIGITAL | France | 2 | 1 |
| MELBERG PARTNERS HOLDING AS | Norway | 2 | 1 |
| MELESIO HOLDING AS | Norway | 2 | 1 |
| MELEXIS | Belgium | 2 | 1 |
| MELGAARD HOLDING ApS | Denmark | 2 | 1 |
| MELO RDC, SGPS, S.A. | Portugal | 2 | 1 |
| Mendritzki Holding GmbH & Co. KG | Germany | 2 | 1 |
| MENTAL HEALTH COOPERATIVE, INC. | United States | 2 | 1 |
| Mentu Holding ApS | Denmark | 2 | 1 |
| Meravis Wohnungsbau- und Immobilien GmbH | Germany | 2 | 1 |
| Merbau OÜ | Estonia | 2 | 1 |
| MERCAN KİMYA SANAYİ VE TİCARET ANONİM ŞİRKETİ | Türkiye | 2 | 1 |
| MERCAPTO ApS | Denmark | 2 | 1 |
| MERCATOR | France | 2 | 1 |
| MERCHANTS BANCORP | United States | 2 | 1 |
| MERCIA ASSET MANAGEMENT PLC | United Kingdom | 2 | 1 |
| MERIDEN IPM SA | Andorra | 2 | 1 |
| MERIDIAM INFRASTRUCTURE NORTH AMERICA FUND III, LP | United States | 2 | 1 |
| MERIDIAN GLOBAL VENTURES PRIVATE LIMITED | India | 2 | 1 |
| Meriti AB | Sweden | 2 | 1 |
| MERLONE GEIER PARTNERS XI, L.P. | United States | 2 | 1 |
| Merx Team Holding AB | Sweden | 2 | 1 |
| METAL TRADE COMAX, a.s. | Czechia | 2 | 1 |
| Metall Zug AG | Switzerland | 2 | 1 |
| Metall-Chemie Holding GmbH | Germany | 2 | 1 |
| METALMECCANICA TIBERINA S.R.L. | Italy | 2 | 1 |
| METALS X LIMITED | Australia | 2 | 1 |
| METAROM GLOBAL | France | 2 | 1 |
| Metis Group B.V. | Netherlands | 2 | 1 |
| Metorion Holding ApS | Denmark | 2 | 1 |
| METRO INC. | Canada | 2 | 1 |
| METRO INSTITUTES OF MEDICAL SCIENCES PRIVATE LIMITED. | India | 2 | 1 |
| METRONET HOLDINGS, LLC | United States | 2 | 1 |
| METRONOR HOLDING AS | Norway | 2 | 1 |
| METZGER HOLDING GmbH & Co. KG | Germany | 2 | 1 |
| MEVA GROUP s.r.o. | Czechia | 2 | 1 |
| MEWAH INTERNATIONAL INC. | Cayman Islands | 2 | 1 |
| MEXENS | France | 2 | 1 |
| MEYENBURG & DALL HOLDING ApS | Denmark | 2 | 1 |
| Meyer Burger Technology AG | Switzerland | 2 | 1 |
| MEZZACORONA SOCIETA' COOPERATIVA AGRICOLA IN SIGLA "MEZZACORONA S.C.A." | Italy | 2 | 1 |
| MF DEVELOPMENT PARTNERS, LLC | United States | 2 | 1 |
| MFH S.R.L. | Italy | 2 | 1 |
| MG PARTICIPATIONS | France | 2 | 1 |
| MGA PARIS | France | 2 | 1 |
| MGM MINERALS LIMITED | India | 2 | 1 |
| MGM S.R.L. | Italy | 2 | 1 |
| MHI AS | Norway | 2 | 1 |
| MI.NO.TER. S.P.A. | Italy | 2 | 1 |
| MICHAEL PAGE PLC | United Kingdom | 2 | 1 |
| MICHEL LEGRAS DEVELOPPEMENT | France | 2 | 1 |
| MIDAM i Bjuv AB | Sweden | 2 | 1 |
| MIDWEST LIMITED | India | 2 | 1 |
| MIGNOLA S.R.L. | Italy | 2 | 1 |
| Miina Sillanpään Säätiö sr | Finland | 2 | 1 |
| MIKIVAL S.R.L. | Italy | 2 | 1 |
| MILIONE S.P.A. | Italy | 2 | 1 |
| MILLER ELECTRIC COMPANY | United States | 2 | 1 |
| MILTON HYDRO HOLDINGS INC. | Canada | 2 | 1 |
| MIMOSA HOLDING S.R.L. | Italy | 2 | 1 |
| MINDA CORPORATION LIMITED | India | 2 | 1 |