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Thyssenkrupp to leave Germany's blue chip index DAX

Thyssenkrupp to leave Germany's blue chip index DAX
FILE PHOTO: A logo of Thyssenkrupp AG is pictured at the company's headquarters in Essen, Germany, November 21, 2018. REUTERS/Thilo Schmuelgen/File Photo -
Thilo Schmuelgen(Reuters)
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FRANKFURT (Reuters) – Thyssenkrupp <TKAG.DE> will drop out of Germany’s benchmark stock index later this month, stock market operator Deutsche Boerse <DB1Gn.DE> said late on Wednesday, the latest setback in the ailing conglomerate’s turnaround efforts.

Thyssenkrupp will leave the DAX <.GDAXI> on Sept. 23 and be replaced by aircraft engine maker MTU Aero Engines <MTXGn.DE>, making it the second founding member to exit the 30-member index in a year.

(Reporting by Ludwig Burger; Editing by Cynthia Osterman)

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