The METRO share will be included in the MDAX as of 18 September 2017. This has been announced by Deutsche Börse as part of the major annual review.
- Inclusion of the METRO share in the regular index review
- As of 18 September 2017, METRO AG will be traded in the second most important German stock index
- Visibility and importance of the METRO share rises especially for institutional investors
The METRO share will be included in the MDAX as of 18 September 2017. This has been announced by Deutsche Börse as part of the major annual review. The MDAX comprises the 50 largest and most-traded companies in Germany below the DAX 30. The composition is based on various selection criteria. In addition to a listing in the so-called prime standard and a free float of more than 10%, the market capitalisation of the free float and the trading volume requires index affiliation.
"We are pleased about the inclusion in the MDAX. This is another important step in the positioning of the new METRO in the capital market. At the same time, it is motivation and incentive to open up our potential and to further strengthen the confidence placed on us.", says Olaf Koch, Chairman of the Management Board of METRO AG, "By joining the MDAX, we are accessing a larger group of investors. These include, for example, index funds." Index funds track a stock index and buy the shares included in the index in the same proportion as they are represented in the index. As a result, more trading volume is automatically generated in the METRO share from 18 September onwards.
Since 13 July 2017, shares of METRO AG have been traded on the stock exchanges in Frankfurt and Luxembourg. The METRO share has the International Securities Identification Number (ISIN) DE000BFB0019 and the German securities identification number (WKN) BFB001. The ticker symbol is B4B. The proportion of the free float is 46.75%.
METRO is a leading international specialist in wholesale and food retail. The company operates in 35 countries and employs more than 150,000 people worldwide. In financial year 2015/16, METRO generated sales of around €37 billion. The company provides custom solutions to meet the regional and international needs of its wholesale and retail customers. With its sales brands METRO/MAKRO Cash & Carry and Real as well as delivery services and digitisation initiatives METRO sets the standards for tomorrow: for customer focus, digital solutions and sustainable business models.