BBVA, Societe Generale Move out of Europe's Leading Blue-Chip Index
By Giulia Petroni
European banks Banco Bilbao Vizcaya Argentaria SA and Societe
Generale SA will lose their spots on the blue-chip index EURO STOXX
50 this month, according to global index provider Stoxx Ltd.
The change will be effective at opening on Sept. 21, when
telecommunication company Orange, along with Telefonica SA and
Fresenius SE & Co. KGaA will also be removed from the
Replacing them will be internet investor Prosus NV and spirit
maker Pernod Ricard SA, along with payment company Adyen NV,
real-estate company Vonovia SE and engineering-and-service company
The EURO STOXX 50 is composed of fifty listed companies in the
Eurozone and is considered the most important performance indicator
of the European stock market.
Stoxx Ltd. reviews the composition of its indeces deciding which
companies meet the requirements to be part of them based on their
free-float market capitalization.
Write to Giulia Petroni at email@example.com
(END) Dow Jones Newswires
September 02, 2020 06:36 ET (10:36 GMT)
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