HeidelbergCement join German DAX index
GERMAN stock exchange organization Deutsche Börse has decided, on the recommendation of the Working Committee for Equity Indices, that HeidelbergCement are to be included in the German DAX index with effect from 21 June 2010.
HeidelbergCement’s successful capital increase in autumn 2009 set the stage for the company to become the first business in the construction and building materials sector to join the DAX index.
Commenting on Deutsche Börse’s decision, Dr. Bernd Scheifele, chief executive officer of HeidelbergCement, said: ‘We are very happy about our inclusion in the blue-chip segment comprising the 30 largest listed companies in Germany. This marks the achievement of an important company target in 2010.’
According to Mr Scheifele, inclusion in the DAX reflects the successful development of the company over the past 12 months, due not least, he said, to the commitment and performance of its employees and managers. ‘We were able to reorganize the capital and financial structure of our company and place it on a solid basis.
‘As one of the leading building materials producers in the world, HeidelbergCement offer a highly attractive product portfolio and have strong international market positions in Europe, North America, Africa and Asia-Pacific.
‘The reputation of HeidelbergCement on the capital markets and as an internationally active employer will be further strengthened by the inclusion in the DAX index.’
The inclusion of HeidelbergCement was based on the fast-entry rule, because the shares fulfilled market capitalization and order book turnover requirements.
HeidelbergCement’s successful capital increase in autumn 2009 set the stage for the company to become the first business in the construction and building materials sector to join the DAX index.
Commenting on Deutsche Börse’s decision, Dr. Bernd Scheifele, chief executive officer of HeidelbergCement, said: ‘We are very happy about our inclusion in the blue-chip segment comprising the 30 largest listed companies in Germany. This marks the achievement of an important company target in 2010.’
According to Mr Scheifele, inclusion in the DAX reflects the successful development of the company over the past 12 months, due not least, he said, to the commitment and performance of its employees and managers. ‘We were able to reorganize the capital and financial structure of our company and place it on a solid basis.
‘As one of the leading building materials producers in the world, HeidelbergCement offer a highly attractive product portfolio and have strong international market positions in Europe, North America, Africa and Asia-Pacific.
‘The reputation of HeidelbergCement on the capital markets and as an internationally active employer will be further strengthened by the inclusion in the DAX index.’
The inclusion of HeidelbergCement was based on the fast-entry rule, because the shares fulfilled market capitalization and order book turnover requirements.
