By Max Bernhard

Volkswagen AG's (VOW.XE) truck unit Traton SE (8TRA.BE) is moving into Germany's SDAX index, which is comprised of 70 small and medium-sized companies.

"After our successful IPO in June, we are now looking forward to our planned inclusion in the SDAX," Chief Financial Officer Christian Schulz said Thursday.

Traton comprises the MAN, Scania, Volkswagen Caminhoes e Onibus and Rio brands. The unit's current market capitalization is about 11.3 billion euros ($12.4 billion), of which 10.3% is free float, with Volkswagen holding the remaining shares, the car maker said.

Write to Max Bernhard at max.bernhard@dowjones.com

(END) Dow Jones Newswires

September 05, 2019 02:56 ET (06:56 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Volkswagen (TG:VOW)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Volkswagen Charts.
Volkswagen (TG:VOW)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Volkswagen Charts.