BERLIN (Reuters) - Food deliverer Delivery Hero will drop out of Germany's blue chip stock index DAX replaced by consumer goods maker Beiersdorf from June 20, stock market operator Deutsche Boerse said on Friday.
BERLIN (Reuters) – Food deliverer Delivery Hero will drop out of Germany’s blue chip stock index DAX replaced by consumer goods maker Beiersdorf from June 20, stock market operator Deutsche Boerse said on Friday.
Just over a year after being relegated from the DAX, the Nivea cream maker and Hansaplast wound care Beiersdorf replaces Delivery Hero
“For years, Delivery Hero has been writing losses and basically doesn’t operate any business or service in Germany it self,” Oldenburger said.
However, there had been long discussions about the food delivery company’s DAX suitability, said CMC Markets analyst Konstantin Oldenburger.
(Reporting by Zuzanna Szymanska; editing by Diane Craft)
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: