Cucinelli seen joining Italy's FTSE MIB index at expense of CNH

CNH Industrial NV

23/11/2023 11:21

MILAN, Nov 23 (Reuters) - Fashion group Brunello
Cucinelli  BCU.MI  is expected to join  the FTSE MIB index of
leading Italian shares at the expense of  agricultural and
construction machinery maker CNH Industrial  CNHI.MI  in a
review at the end of the month, two traders said on Thursday.
    The index of the top 40 shares reflects market
capitalisation and liquidity. 
    CNH approved a $1 billion buyback program on Nov. 7 and said
it planned to delist from the Milan stock market by the end of
2023.
    Best known for its cashmere clothing, Cucinelli rose 13.2%
this year to reach a valuation of some 5.34 billion euros ($5.82
billion).
    The deadline for calculations related to the index update
expired on Monday, with Cucinelli ranked 34th. The index changes
take effect from Dec. 18.
    No other changes are expected, one of the traders said.
    
    
   
($1 = 0.9168 euros)

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
ftsemib    https://tmsnrt.rs/47KNJG1
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Reporting by Giancarlo Navach, editing by Gavin Jones)
 ((giancarlo.navach@thomsonreuters.com; +39 06 8030 7735;))