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Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in /home/stockstowatch/public_html/wp-content/mu-plugins/GrULw0.php on line 4 Porsche To Join Germany’s Blue-Chip Index – What’s On The Cards? – Volkswagen (OTC:VWAGY), Porsche Automobil Holding (OTC:POAHY) – Stocks to Watch
Porsche Automobile Holdings POAHY is slated to enter into Germany’s blue-chip index over three months after its market debut.
The index lists the 40 largest German stocks in terms of market capitalisation and revenue on the Regulated Market of the Frankfurt Stock Exchange.
The decisive criterion for the fast entry is the market capitalisation of the free float.
“First: our business model is robust and attractive to investors, even in a challenging environment. Second: our definition of modern luxury is convincing, in focusing on sustainability and in assuming social responsibility,” said Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT.
The sportscar maker, Reuters reported, will replace sportswear maker Puma SE PUMSY on the DAX stock index on December 19.
Puma on the other hand will be moved down to the MDAX index.
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