Volkswagen prefs seen as long-term DAX member

Newswire

FRANKFURT, Dec 21 (Reuters) - Volkswagen, a founding member of Germany's blue-chip index, will continue to be part of the DAX, with the replacement of the company's ordinary shares with its preferred counterparts seen as permanent. Analysts said that concerns that the company's preferred shares -- set to replace the ordinaries on Wednesday [ID:nLDE5BI03O] -- will only have a cameo appearance in the index of Germany's top-30 companies, are unfounded. They see as unlikely HeidelbergCement ...

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