Germany’s leading Share Index will be expanded from 30 to 40 Companies
As part of a reform of the DAX share index, which gives higher emphasis to the free float market capitalisation of a company, chemicals and ingredients distributor Brenntag SE (Essen, Germany) will be included in the index as of 20. September 2021.
Brenntag’s shares have been listed on the Frankfurt Stock Exchange since 2010. During this time, the company’s market capitalization has quadrupled, Brenntag said in the announcement. Today it amounts to more than EUR 13 bn. The shares are part of the MDAX mid-market index.
With Flavours & Fragrances producer Symrise AG (Holzminden, Germany) another company from the broader chemicals sector will be added to the index shortly. The reform of the DAX, which started about 33 years ago on 01. Juli 1988, is a fallout from last year’s WIRECARD scandal, many commentators say. It incudes also more stringent listing rules. Through the additions to the DAX as part of this reform, the MDAX is set to loose about half of its market capitalisation.
Source: Brenntag press release, Handelsblatt website
HGE – DCG / 06.09.2021