Suse drops out of SDAX, Krones to take its place
05/10/2023 08:19
Oct 5 (Reuters) - Software provider Suse SUSEG.DE is
to drop out of the German small-caps index SDAX .SDAXI
following an announcement by Deutsche Boerse DB1Gn.DE , with
packaging and bottling machine maker Krones AG KRNG.DE to take
its place.
The German stock exchange operator said late on Wednesday
that Suse no longer met the basic criteria required to remain in
the selection indices after its free float dropped below 10%.
The changes are to take effect on Oct. 9.
Last August, private equity firm EQT AB EQTAB.ST said it
was planning to take Suse private, in a deal to be funded by a
special dividend issued by the Frankfurt-listed software
company.
Suse's stock was down 0.59% at 0707 GMT whereas Krones rose
0.37%.
(Reporting by Tristan Veyet in Gdansk, Editing by Rachel More)
((Tristan.Chabba@thomsonreuters.com;))