Beiersdorf Is Joining DAX, Replacing Deutsche Wohnen
October 27 2021 - 1:56AM
Dow Jones News
By Kim Richters
Beiersdorf AG is moving to the DAX index, replacing Deutsche
Wohnen SE, German stock-exchange operator Deutsche Boerse AG said
late Tuesday.
Because of the takeover by Vonovia SE, the minimum free float of
10% is no longer met at residential-property company Deutsche
Wohnen, Deutsche Boerse said.
Personal-care-products maker Beiersdorf is currently part of the
MDAX, where Talanx AG is joining to replace it. In turn, Basler AG
will replace Talanx in the SDAX.
The changes will be effective Friday, Deutsche Boerse said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 27, 2021 01:41 ET (05:41 GMT)
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