Blog: PSA's CAC-40 blow
Dave Leggett | 11 September 2012
In a sign of the times, PSA has been relegated from the Paris bourse CAC-40 index of leading French companies. It has been there, a national industrial champion, since the index's creation in 1987. However, Peugeot's paper value has fallen considerably over the past 18 months as its share price has sunk. A committee that decides the CAC-40 composition has just made the ruling. it's one of those blows - that while mainly symbolic in its implications - hurts harder than most.
NYSE Euronext said that Solvay, a Belgium-based chemical company, will replace Peugeot. The change takes effect September 24.
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