According to an announcement, after a regular review of its indices Hapag-Lloyd is expected to become a member of the SDAX index of 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 index are f Puma, Schaeffler, Heidelberger Druckmaschinen, HHLA and VTG.
Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said of the announcement, “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.”
The composition of the SDAX is expected to be adjusted on 18 March 2016 and from 21 March 2016 the SDAX trading is due to include the Hapag-Lloyd share.