DMG Mori to Replace Hapag-Lloyd on Germany's SDAX
June 20 2019 - 1:58AM
Dow Jones News
By Max Bernhard
German container-shipping company Hapag-Lloyd AG (HLAG.XE) will
be deleted from Germany's SDAX index for small caps, the operator
of the Frankfurt Stock Exchange said late Wednesday.
Deutsche Boerse AG (DB1.XE) said the free float of Hapag-Lloyd
decreased to 8.7% from 10.6%, which is below the index's base
criteria for a minimum float of 10%.
Hapag-Lloyd shares will be deleted from the SDAX as of June 24
and will be replaced by DMG Mori AG (GIL.XE), which produces
cutting machine tools.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
June 20, 2019 01:43 ET (05:43 GMT)
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