German builder Hochtief to join benchmark DAX index

FILE PHOTO – The German stock market (Deutsche Börse) indices Dax, MDax, SDax, TecDax and Gex are listed on a display board in the trading hall of the Frankfurt Stock Exchange. (is associated with: «German builder Hochtief to join benchmark DAX index») Arne Dedert/dpa

German construction group Hochtief is set to join Germany’s benchmark DAX stock index for the first time later this month, replacing Porsche Automobil Holding SE, the largest shareholder in carmaker Volkswagen.

The change, announced by index provider STOXX on Wednesday, will…

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