Updated on 6 June 2012
Sartorius admitted to German TecDAX index
Singapore: The German stock exchange organization, Deutsche Börse Group revealed that Sartorius AG will be admitted to the TecDAX technology index. This means that from June 18, 2012, the Sartorius preference share will be traded in the German index of technology stocks.
The TecDAX is the leading index of the 30 largest and most liquid German technology stocks and ranks just under the DAX, which is the blue-chip German Stock Index. Criteria for admission to the TecDAX are free-float market capitalization at the time the shares are reviewed and stock exchange turnover of the past 12 months.
Dr Joachim Kreuzburg, CEO and executive board chairman, Sartorius, while welcoming the decision of Deutsche Börse, said that "By moving up to the TecDAX, our company and our shares will gain additional attention and become even more attractive. I am confident that in the future as well, we will continue to drive our positive business performance that has contributed to our inclusion in this index."