- Salzgitter AG (Germany, SEDOL: 5465358, GICS: Materials, GICS Code: 15104050) will replace Hanson Plc (Great Britain, SEDOL: 3351608, GICS: Materials, GICS Code: 15102010) in the S&P Europe 350 index and will be added to the S&P Euro Plus and S&P Euro indices, following the acquisition of Hanson Plc by HeidelbergCement AG. This remains subject to Court Hearings on 20 & 23 August 2007.
Salzgitter AG produces and trades a range of steel products and tubes. The number of shares outstanding will be 57,100,000 and the Investable Weight Factor will be 0.6483. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Steel sub-industry.
Following is a summary of the announced addition and deletion:
S&P Europe 350, S&P Euro Plus, S&P Euro, S&P United Kingdom – close of trading 23 August 2007 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Salzgitter AG | Materials | Steel |
DELETED | Hanson Plc | Materials | Construction Materials |