Siemens Energy Joins Germany's DAX Index, Porsche Admitted to MDAX
March 04 2021 - 1:27AM
Dow Jones News
By Cecilia Butini
Deutsche Boerse AG said late Wednesday that German energy
company Siemens Energy AG has joined its blue-chip DAX index, while
Porsche Automobil Holding SE was admitted to the lower-ranking MDAX
in a reshuffle.
The German stock-exchange operator said Siemens Energy will
replace Beiersdorf AG, which will join the MDAX.
Porsche is replacing Aeral Bank AG in the MDAX, Deutsche Boerse
said.
Encavis AG will replace Metro AG and Nordex SE will replace
Osram Licht AG in the same index, according to Deutsche Boerse. The
companies exiting the MDAX will be joining the SDAX, Germany's
smallcap index, Deutsche Boerse said.
The changes will become effective as of March 22, the
stock-exchange operator said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
March 04, 2021 02:12 ET (07:12 GMT)
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