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Home News Heidelberg to join DAX

Heidelberg to join DAX

by Staff Writer
April 2, 2012
in News
Reading Time: 1 min read
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Deutsche Börse is to include the share price of Heidelberg Cement in Germany’s DAX index from 21 June. “We are very happy about the inclusion in the blue chip segment, comprising the 30 largest listed companies in Germany,” said Heidelberg CEO Dr Bernd Scheifele. “This marks the achievement of an important company target in 2010. Inclusion in the DAX reflects the successful development of our company over the past twelve months. Due not least to the high commitment and excellent performance of our employees

Deutsche Börse is to include the share price of
Heidelberg Cement
in Germany’s DAX index from 21 June.

“We are very happy about the inclusion in the blue chip segment, comprising the 30 largest listed companies in Germany,” said Heidelberg CEO Dr Bernd Scheifele. “This marks the achievement of an important company target in 2010. Inclusion in the DAX reflects the successful development of our company over the past twelve months. Due not least to the high commitment and excellent performance of our employees and managers, we were able to reorganise 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, Heidelberg offers a highly attractive product portfolio and has strong international market positions in Europe, North America, Africa and Asia-Pacific. The reputation of Heidelberg on the capital markets and as internationally active employer will be further strengthened by the inclusion in the DAX index.”

According to Heidelberg, its capital increase in autumn 2009 set the stage it to become the first company in the construction and building materials sector to join the DAX index. The inclusion of Heidelberg was based on the fast entry rule, because the shares fulfilled the market capitalisation and order book turnover requirements.

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