The automaker PSA Peugeot Citroën takes his revenge by making his return to the CAC 40 (AFP / File / Alain Jocard)
The automaker PSA Peugeot Citroën takes his revenge by making his return to the CAC 40, the benchmark index of the Paris Bourse, where he will replace the French specialist Gemalto digital security.
These changes follow a decision of the Scientific Council of the indices and will take effect Monday, March 23, said in a statement the European exchange operator Euronext umbrella stock exchanges of Paris, Amsterdam, Lisbon and Brussels.
The French carmaker was out of the CAC 40 in September 2012, an affront to the company, which was part of since the creation of the index end of 1987.
“Being present in the CAC 40 is very important for our group because it is reassuring for investors, “reported AFP a spokesman for the group.
The return follows closely that of the automotive supplier Valeo, which was returned to the CAC 40 in June 2014 after 13 years of absence.
“This allows us to enhance our reputation internationally benefiting from better monitoring by the financial community” also stressed the spokesman of PSA Peugeot Citroën, adding that “this return in the CAC 40 can accompany the internationalization of the group is an important element of the strategic plan. ”
The automaker has four divided by its net loss in 2014 and said to be ahead of its plan of “reconstruction”, during the presentation of the annual results in February.
Carlos Tavares took the reins of PSA there is a year when in trouble group opened its capital to Dongfeng and the French state holding 14% each.
The CEO of PSA Peugeot Citroen, Carlos Tavares, October 2, 2014 in Paris (AFP / File / Miguel Medina)
The action, which had drunk the cup by touching a low of just over 3.5 euros in November 2012, has gradually turned the corner and is now sailing above 15 euros. The course closed up 2.87% to 15.61 euros on Thursday night.
It peaked around 55 euros in July 2007.
Shaken by the revelation of computer attacks
Meanwhile, Gemalto, born of the merger of the French Gemplus and Axalto Dutch in 2006, lost ground after reaching a peak in early 2014, to more than 90 euros. The stock closed down 2.58% to 70.34 euros on Thursday night. Contacted by AFP, the group was not able to respond immediately.
According to Xavier Villepion, a seller of shares in HPC, Gemalto was “clearly threatened” by a withdrawal of the index, the market also feeding the “fears about the fulfillment of very ambitious goals in 2017,” he says.
The withdrawal of Gemalto signs the start of a technological value of the index, which has few to his credit. The arrival of the CAC 40 December 2012 the company had to blow a modern edge on the index, rather familiar with ancient societies.
The group recently been rocked by the revelation of several computer attacks against him in 2010 and 2011 by the American and British intelligence services. However, he said that this case would not have a material impact on its financial statements.
Another change specialist Areva nuclear shaken by the announcement of a huge loss in 2014, will leave the SBF 120, while the group of French institutional and commercial catering Elior be entered , as the advertising group Havas.
The Scientific Council of the indices is composed of eight members and a chairman meeting quarterly. It bases its decisions of inputs and outputs on two major criteria, the size of the float (Exchange Traded capital) and the number of trades recorded on securities.
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