Conti reinstated to German stock market's DAX index

HANOVER, Germany (Aug. 20)—Continental A.G. has been reinstated to the German stock market's DAX index of the country's 30 largest companies after a seven-year hiatus. Conti, which grew considerably in the past years via acquisitions, is the first company in the 15-year history of the DAX index to be reinstated. "We are very pleased to resume our position in DAX," Conti Chairman Manfred Wennemer said in a prepared statement. "It will help draw more attention to our business success throughout the international financial community than at present." Conti, a founding member of the DAX, will rejoin the index Sept. 22, according to Frankfurt, Germany-based Deutsche Borse A.G., the stock market proprietor. Conti's share price of late has outperformed the DAX, the firm said, rising more than 40 percent in value this year vs. the DAX average of 20 percent.