OHB SE joins SDAX, replacing Klöckner & Co SE

Aerospace company OHB SE has been added to the SDAX index, replacing steel trader Klöckner & Co SE. The unscheduled inclusion was announced by index provider STOXX and became effective on August 10.

Klöckner & Co SE is being delisted following an acquisition by the US-based company Worthington Steel. The takeover involved a delisting offer of eleven euros per share, with the acceptance period set to run until August 12.

OHB SE CEO Marco Fuchs stated that the inclusion is a milestone reflecting the company’s development and the growing importance of the European space and defense industries. The company recently completed a 484 million euro capital increase intended to expand manufacturing capacity and invest in launch vehicles and future programs. Following this transaction, the Fuchs family remains the majority shareholder with over 60% of shares, while the free float has increased to approximately 18%.