Kinowelt, VCL to be removed from German stock market
LONDON — Kinowelt Medien and VCL Communications are being bumped from the upper tier of the Deutsche Boerse, the German stock market.
As of Sept. 24, film group Kinowelt will be dropped from the Nemax 50, which ranks the top 50 stocks on the Neuer Markt. Film and video group VCL will be removed from the MDAX, part of the DAX 100, which contains the top 100 domestic companies.
Kinowelt was ranked at 149 in market capitalization on the Neuer Markt; companies must rank among the top 60 to make the Nemax 50’s cut.
VCL was ranked at 196 on the stock exchange, well below the required position of 110 or better to stay.
In the future, it will be listed on the SDAX, a blue-chip index for smaller-cap companies.