Ahold Delhaize To Join Euro Stoxx 50 Index
Ahold Delhaize is to be added to the Euro Stoxx 50 Index, a leading index for blue chip firms across Europe.
The retail giant is to join the index on 19 September. Ahold Delhaize has a market cap of around €28 billion following its merger.
At the same time, it is likely that Carrefour will be removed from the index.
According to Barclays European Food Retail Equity Research, "Carrefour’s market cap has fallen this year to c€17bn. We expect this would create some buying pressure for Ahold Delhaize in the short term."
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.