As of Monday, July 30, König & Bauer AG will be in the MDAX (mid-cap DAX) with its preference shares, as Deutsche Börse reported on Wednesday. The exchange had already announced the procedure for the index change in June. According to the final result of its tender offer, Münchener Rückversicherungs-Gesellschaft AG (Munich Re) holds more than 85 percent of the shares in Ergo.This means that Ergo no longer meets the prerequisites to remain in the MDAX; the Deutsche Börse rules and regulations stipulate a minimum free float of 15 percent for companies in its blue-chip indices.
König & Bauer's place in the SDAX (small-cap quality index) will be taken by CEAG AG.
The index revisions will be made on the basis of the Xetra closing prices from Friday, July 27.
