Wirecard to Exit DAX Index With Delivery Hero Standing By
- Insolvent firm to be replaced this month amid accounts scandal
- Delivery Hero seen as most likely candidate to join benchmark
This article is for subscribers only.
Deutsche Boerse AG will remove Wirecard AG from its benchmark DAX index ahead of a regular quarterly reviewfollowing the collapse of the payments company amid allegations of accounting fraud.
The decision was taken following consultations with market participants conducted after Wirecard declared insolvency in June. The results favored immediate removal of bankrupt companies from the index, rather than waiting for the review.