Breaking News, Financial News

Evonik’s Shares Added to the Morgan Stanley Capital International (MSCI) World

Author Image

By: KERRY PIANOFORTE

Editor, Coatings World

Shares of the specialty chemicals company Evonik Industries AG will be added to the Morgan Stanley Capital International (MSCI) World and Germany Indexes effective June 1, 2015. MSCI announced the results of the May 2015 Annual Index Review yesterday night. The inclusion follows the recent placements of shares by a major shareholder of Evonik.

MSCI offers a family of consistent and comparable indexes which comprise the world’s largest companies and are broadly used by investors around the world to develop and benchmark their global equity portfolios.

Ute Wolf, CFO of Evonik, comments: “Evonik’s inclusion to the MSCI Indexes enhances our presence in the most important indexes globally. This means greater visibility for Evonik at the international financial markets and will further increase the high level of interest from global investors in our share. Even more motivated by the MSCI inclusion, we will continue our capital market oriented approach and further intensify our dialogue with international investors.”

Keep Up With Our Content. Subscribe To Coatings World Newsletters