- SES (Luxembourg, SEDOL: B00ZQQ2, GICS: Consumer Discretionary, GICS Code: 25401025) will replace Ciba Holding AG (Switzerland, SEDOL: 5196744, GICS: Materials, GICS Code: 15101050) in the S&P Europe 350 and S&P Euro Plus indices, and will be added to the S&P Euro indices, following the cash offer by current S&P Europe 350 constituent, BASF SE.
- SES is a global satellite group. The number of shares outstanding will be 510,776,000 and the Investable Weight Factor will be 0.67. The company will be added to the S&P Europe 350 GICS (Global Industry Classification Standard) Cable and Satellite sub-industry.
Following is a summary of the announced addition and deletion:
S&P Europe 350, S&P Euro Plus, and S&P Euro– close of trading 02 December 2008: | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | SES | Consumer Discretionary | Cable and Satellite |
DELETED | Ciba Holding AG | Materials | Speciality Chemicals |