Bayer's Covestro to replace MAN in Germany's MDAX

Gesco SE

03/12/2015 21:07

FRANKFURT, Dec 3 (Reuters) - German plastics maker Covestro 
 1COV.DE  will be added to the MDAX index  .MDAXI  of German 
mid-cap shares, having gained more than 30 percent in market 
value since its spin-off from drugs and chemicals firm Bayer 
 BAYGn.DE  in October. 
    Stock exchange operator Deutsche Boerse  DB1Gn.DE  said on 
Thursday that Covestro's stock would replace Volkswagen's 
 VOWG_p.DE  truck maker MAN  MANG.DE , which is dropping out of 
the MDAX as it delists from the Prime Standard segment of the 
Frankfurt stock exchange. 
    Outdoor advertising group Stroeer  SAXG.DE  will replace 
cable company Kabel Deutschland  KD8Gn.DE  on the index, it 
said. 
    The changes take effect on Dec. 21. The next regular index 
review will be held on March 3. 
 
 (Reporting by Maria Sheahan. Editing by Andreas Cremer.) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY STOCKS/