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D.Boerse says adds Continental to DAX, drops MLP

FRANKFURT, Aug 19 (Reuters) - German stock exchange operator Deutsche Boerse said on Tuesday it would add tyremaker Continental to Germany's DAX index, replacing financial services firm MLP .

Market capitalisation and share turnover had made Continental, which was a DAX member from 1988 to 1996, and Internet provider T-Online International the top contenders in the race to join the index.

MLP's market capitalisation had dropped too far for it to remain a component of Germany's 30-strong blue-chip index, Deutsche Boerse said in a statement after a meeting of its index committee.

MLP ranked 44th in market value among listed German companies at the end of July.

Deutsche Boerse's decision is due to take effect on September 22.

Inclusion in the DAX often bolsters a company's share price by making it a must-have for those fund managers with funds that track the blue-chip index's performance.