- Scania AB B shares (Sweden, SEDOL: B1RDYG2, GICS: Industrials, GICS Code: 20106010) will replace Alliance Boots PLC (Great Britain, SEDOL: B0P7Y25, GICS: Consumer Staples, GICS Code:30101010) in the S&P Europe 350 index and will be added to the S&P Euro Plus index, following the acquisition of Alliance Boots PLC by AB Acquisitions LTD. The Scheme is still subject to approval of Court Hearing on 25 June 2007.
Scania AB develops, produces and market large trucks, buses and coaches. The company also makes industrial and marine engines for boats, electrical generators and harvesters. The number of shares outstanding will be 400,000,000 and the Investable Weight Factor will be 1. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Construction & Farm Machinery & Heavy Trucks sub-industry.
Following is a summary of the announced addition and deletion:
S&P Europe 350, S&P Euro Plus, S&P Euro– close of trading 25 June 2007 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Scania AB B shares | Industrials | Construction & Farm Machinery & Heavy Trucks |
DELETED | Alliance Boots PLC | Consumer Staples | Drug Retail |