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- Standard Life PLC (United Kingdom, SEDOL: B16KPT4, GICS: Financials, GICS Code: 40301020) will replace Banca Fideuram SpA (Italy, SEDOL: 4079631 GICS: Financials, GICS Code: 40203010) in the S&P Europe 350, S&P Euro Plus and S&P Euro, and will be added to the S&P United Kingdom indices. Banca Fideuram will be deleted from the S&P Europe 350, S&P Euro Plus and S&P Euro indices following the cash offer from Eurizon, that now holds 92.50% of Banca Fideuram’s share capital.
Standard Life PLC is a financial services group active in the areas of assurance and pensions, investment management, banking and healthcare insurance products. The number of shares outstanding will be 2,105,850,000 and the Investable Weight Factor will be 1. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Life & Health Insurance sub industry.
Following is a summary of the announced addition and deletion:
| S&P/ASX 50 Index – Oct. 31, 2006, After Market Close | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Standard Life PLC | Financials | Life & Health Insurance |
| DELETED | Banca Fideuram SpA | Financials |
Asset Management & Custody Banks |
