Stainless steel producer Aperam returns to BEL 20
Stainless steel producer Aperam is making its return to the BEL 20, Belgium's benchmark stock market index. Stock exchange operator Euronext announced the change on Wednesday following the annual review of the share basket.
Aperam - along with telecom operator Proximus - had to give up its place in the BEL 20 to Lotus Bakeries and Euronav in 2024. The stainless steel producer will rejoin the index on 20 March after the close of trading. Monday 23 March will therefore be the first trading day with the new composition of the index.
According to the newspaper De Tijd, companies must have a free market value of more than 1.6 billion euros to secure a place in the Brussels star index. The stock exchange operator bases its calculation on share prices recorded on 20 February.
Aperam replaces healthcare real estate player Cofinimmo, whose share disappeared from the BEL 20 on Tuesday due to its merger with sector peer Aedifica. The process is still ongoing, with the legal merger expected to take place in the second half of the year.
Other changes were also announced on Wednesday. Ontex and Vastned are leaving the BEL Mid, the basket of medium-sized listed companies. They will move to the BEL Small together with Campine, while Exmar will leave that index.
PHOTO © JEFF PACHOUD / AFP
Related news
