The advancement of Beiersdorf is the first change since the DAX expansion from 30 to 40 values in September.
(Photo: dpa)
Munich After a good six months, the Hamburg consumer goods group Beiersdorf is once again one of the most important listed companies in Germany. With effect from Friday, the Tesa manufacturer will move into the German leading index Dax, which it had to leave in the spring.
It is the first change since the Dax was expanded from 30 to 40 values in September. Beiersdorf is replacing the Deutsche Wohnen share there, as Deutsche Börse announced on Tuesday evening in Frankfurt. The housing group has to move out of the index after it was taken over by its larger competitor Vonovia.
Vonovia had previously reported a stake of almost 88 percent in Deutsche Wohnen. According to the stock exchange, less than ten percent of Deutsche Wohnen shares are in free float. According to the regulations of the stock exchange, the company is not only excluded from the Dax, but also from all major indices.
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