NYSE Euronext Removes Air France-KLM From CAC-40,Adds Technip
September 04 2009 - 1:28PM
Dow Jones News
Transatlantic stock market operator NYSE Euronext (NYX) Friday
said it has decided to remove Air France-KLM (AFLYY) from France's
index of leading shares, the CAC-40.
Air France-KLM will be replaced by French oil services company
Technip SA (TEC.FR).
The switch will take effect Sept. 21.
With a market capital of just under EUR3 billion, Air France-KLM
is currently the smallest company listed on the CAC-40. Its shares
have fallen almost 9% since the beginning of the year and closed
Friday up 1.5% on the day at EUR10.13.
Technip has a market capital of over EUR4.5 billion and is
currently listed on France's mid-cap index, the SBF 120. Its shares
have almost doubled in value since the beginning of 2009. Technip
shares closed Friday +0.4% at EUR41.88.
NYSE Euronext Web site: www.nyx.com
-By William Horobin, Dow Jones Newswires; +33 1 4017 1740;
william.horobin@dowjones.com