3/3, 10:32 PM (Source: TeleTrader)
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Daimler Truck, Hannover Re to join DAX

German insurance company Hannover Re and Daimler Truck AG will replace Siemens Energy and personal-care product maker Beiersdorf AG as the DAX constituents, stock exchange operator Deutsche Boerse said in a statement late on Thursday.

The changes will take effect on March 21, the bourse added.

The operator weighs the companies against one another every three months with the free-float market capitalization as the main criterion. Since the 40-unit benchmark was launched, in 1988, 15 companies have been continuously included.

Baha Breaking News (BBN) / BU