- Umicore (Belgium, SEDOL: 4005001, GICS: Materials, GICS Code: 15101050) will replace Altadis SA (Spain, SEDOL: 5444012, GICS: Consumer Staples, GICS Code: 30203010) in the S&P Europe 350, S&P Euro Plus and S&P Euro indices, following the €50 cash offer by fellow S&P Europe 350 constituent, Imperial Tobacco Group, being declared unconditional.
Umicore is a materials technology group. Its activities are centered on four business areas: Advanced Materials, Precious Metals Products and Catalysts, Precious Metals Services and Zinc Specialties. The number of shares outstanding will be 26,197,000 and the Investable Weight Factor will be 1. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Specialty Chemicals sub-industry.
Following is a summary of the announced addition and deletion:
S&P Europe 350, S&P Euro Plus, and S&P Euro– close of trading 29 January 2008: | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Umicore | Materials | Specialty Chemicals |
DELETED | Altadis SA | Consumer Staples | Tobacco |