The advancement of Beiersdorf is the first change since the DAX expansion from 30 to 40 values in September.
(Photo: dpa)
Frankfurt / Düsseldorf The Dax is becoming a bit more consumer-heavy again. The cosmetics group Beiersdorf is returning to Germany’s leading index after seven months. When the Dax was expanded from 30 to 40 companies, Beiersdorf narrowly missed the rise – but from Friday the company will again be a member of the first stock market league.
The return has become possible because Deutsche Wohnen has to vacate the space. In the course of the takeover by the competitor Vonovia, the free float of the real estate company’s shares fell below ten percent according to unspecified calculations by the stock exchange. This disqualifies the stocks for an index from the Dax family.
Free float means the freely tradable shares. This does not include blocks of shares of more than five percent held by a single investor or company.
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