German Sartorius, Cancom to join TecDAX index

Jun 6, 2012 - German laboratory and process equipment provider Sartorius AG (ETR:SRT) and German IT company Cancom (ETR:COK) will join the TecDAX stock index of the Frankfurt Stock Exchange on June 18, 2012.

This was announced by German stock exchange operator Deutsche Boerse (ETR:DB1) on Tuesday.

Sartorius's preference shares will replace the stock of Swiss-based investment firm BB Biotech (ETR:BBZA; SWF:BION). The exclusion of BB Biotech's share is based on the rule that companies not domiciled in Germany but within the European Union or EFTA have to channel at least 33% of their stock turnover through the Frankfurt Stock Exchange including Xetra.

In addition, Cancom will replace the share of PV equipment maker Centrotherm Photovoltaics AG (ETR:CTN) in the TecDAX index.

The next regular index review will be held on September 5, 2012, Deutsche Boerse said.

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