DMG Mori to Replace Hapag-Lloyd on Germany's SDAX

Date : 06/20/2019 @ 6:58AM
Source : Dow Jones News
Stock : Deutsche Boerse (PC) (DBOEF)
Quote : 143.6  0.0 (0.00%) @ 1:00AM

DMG Mori to Replace Hapag-Lloyd on Germany's SDAX

Deutsche Boerse (PC) (USOTC:DBOEF)
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   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)

Copyright (c) 2019 Dow Jones & Company, Inc.

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