Business
Commerzbank returns to the German stock index DAX. The second largest German bank replaces the company Linde, which produces industrial gases, as the German stock exchange announced on Friday evening. The change will take effect on February 27.
SN/APA/dpa/Arne Dedert
Second largest German bank replaces the company Linde
The traditional bank with the yellow logo had to vacate its place in the DAX in September 2018 in favor of Wirecard, the stock market favorite at the time. A little later, the payment service provider triggered one of the biggest scandals in German economic history with bogus transactions worth billions.
The unscheduled change in the DAX became necessary after the Linde company announced in January that it only wanted to be listed on New York’s Wall Street. The DAX loses its most valuable member. The armaments company Rheinmetall, which was temporarily considered the best successor candidate, must continue to be patient.
Accessed on 02/18/2023 at 02:38