Three German companies fly out of the Stoxx Europe 600

TeamViewer

The software company has seen a sharp drop in price.

(Photo: dpa)

train As part of the upcoming changes in the major European stock indices in three weeks, three German companies will have to leave the broad Stoxx Europe 600: the software company Teamviewer, the real estate company Grand City Properties and the online pet supplies retailer Zooplus. From Monday, December 20, they will no longer be listed in the index, as the index provider Qontigo, which belongs to the German stock exchange, announced on Wednesday evening.

Teamviewer’s decline follows the sharp drop in the share price of the past few months after the company cut back on its lofty growth ambitions. The financial investors EQT and H&F recently acquired a majority in Zooplus. They now want to settle the remaining minority shareholders and then take the company off the stock exchange.

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