Hapag-Lloyd Becomes 'Blue Chip'
By Aiswarya Lakshmi
Saturday, March 12, 2016
Hapag-Lloyd would become a member of the SDAX index of the Deutsche Börse, with its first day of trading on March 21, announced Deutsche Börse.
The SDAX is a German Blue Chip Equity Index and contains 50 companies listed in the Prime Segment of Deutsche Börse which follow the 30 DAX and the 50 MDAX companies with regard to free float market capitalisation and order book turnover.
Other members of the SDAX family are for instance Puma, Schaeffler, Heidelberger Druckmaschinen, HHLA and VTG.
“The inclusion into the SDAX marks an important step for the Hapag-Lloyd share which only started trading on November 6th 2015. The increased awareness resulting from listing within an index is expected to increase liquidity for shareholders, broaden analyst coverage - allowing for a more frequent valuation – and to increase publicity,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG.
The composition of the SDAX will be adjusted on 18 March 2016 and from 21 March 2016 the SDAX trading will include the Hapag-Lloyd share.