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March 4, 2021, 2:21 a.m. EST

Siemens Energy joins German DAX in reshuffle

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By Cecilia Butini

Deutsche Boerse AG said late Wednesday that German energy company Siemens Energy AG has joined its blue-chip DAX index, while Porsche Automobil Holding SE was admitted to the lower-ranking MDAX in a reshuffle.

The German stock-exchange operator said Siemens Energy will replace Beiersdorf AG, which will join the MDAX.

Porsche is replacing Aeral Bank AG in the MDAX, Deutsche Boerse said.

Encavis AG will replace Metro AG and Nordex SE will replace Osram Licht AG in the same index, according to Deutsche Boerse. The companies exiting the MDAX will be joining the SDAX, Germany's smallcap index, Deutsche Boerse said.

The changes will become effective as of March 22, the stock-exchange operator said.

Write to Cecilia Butini at cecilia.butini@wsj.com

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