The Stock Indices Working Group of Deutsche Boerse AG decided at its meeting on September 5 to include LANXESS AG in the German benchmark index DAX 30. The specialty chemicals group will form part of Germany´s leading share index, effective September 24, 2012. LANXESS shares closed on September 5 at EUR 60.00.
The DAX (Deutscher Aktien IndeX) is a stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the electronic Xetra trading system. According to Deutsche Boerse AG, the operator of Xetra, DAX measures the performance of the 30 largest German companies in terms of trading volume and market capitalization.
"After seven successful years in the M-DAX, we are pleased that we will soon be included among Germany´s 30 largest listed companies, said Axel C. Heitmann, Chairman of the Board of Management of LANXESS AG. "This is a proud moment for us all and at the same time challenges us to continue to strive for profitable growth. My thanks go to all of our employees worldwide, without whose unremitting efforts we would not have come such a long way."