Continental AG Removed from DAX
On December 3 Continental AG was removed from the Frankfurt stock exchange’s DAX index. The Deutsche Börse relegated Conti from the DAX to the MDAX mid-cap index because the company’s market capitalisation no longer fulfilled DAX criteria. The decision was taken regarding Continental’s market capitalisation on the evening of December 2, and the company will appear in the MDAX as of December 22.
Continental has, according to Dow Jones Newswires, expressed its incomprehension to the removal of its stock from the DAX. On December 4 a company spokesperson said “we retain the opinion that Continental belongs in the DAX.”
Comments