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6/3, 8:55 AM (Source: TeleTrader)
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Beiersdorf to replace Delivery Hero on DAX - analysts

Cosmetics company Beiersdorf is expected to replace Delivery Hero on Germany's benchmark DAX index, German media reported on Friday citing analysts from JPMorgan, Societe Generale and Stifel.

The official announcement about the changes to the index will be published tonight at 10 pm CET, while the changes will take effect on June 20.

Beiersdorf, famous for its Nivea products, had been a part of the index until March when it and Siemens Energy were replaced by Hannover Re and Daimler Truck AG. Meanwhile, Delivery Hero entered DAX in August 2020, replacing Wirecard.

Baha Breaking News (BBN) / NP