Former Components of DAX
Following table lists the former components of DAX and the ones replaced them.
| Date | Component excluded | Component included | Reason for exclusion/ Comments |
|---|---|---|---|
| 03.09.1990 | Feldmühle Nobel | Metallgesellschaft | Takeover of Feldmühle Nobel by Stora Enso |
| Nixdorf Germany | Preussag (now TUI) | Merged with Siemens to form Siemens-Nixdorf | |
| 18.09.1995 | Deutsche Babcock | SAP | Replaced by SAP because of lower market capitalisation |
| 22.07.1996 | Kaufhof | METRO | Merger of Kaufhof and Metro Cash & Carry |
| 23.09.1996 | Continental | Münchener Rück | Continental was added back to the DAX on 22 September 2003, though it was demoted again in 2008 and added back again in 2012 |
| 18.11.1996 | Metallgesellschaft | Deutsche Telekom | IPO of Deutsche Telekom |
| 22.06.1998 | Bayerische Hypotheken- und Wechselbank |
adidas | Merger of Vereinsbank and Hypobank to form HypoVereinsbank |
| Bayerische Vereinsbank | HypoVereinsbank | ||
| 21.12.1998 | Daimler-Benz | DaimlerChrysler (now Daimler) |
Merger of Daimler-Benz with Chrysler |
| 22.03.1999 | Degussa | Degussa-Hüls | Merger of Degussa AG with Hüls AG and renaming to Degussa-Hüls AG |
| 25.03.1999 | Thyssen | ThyssenKrupp | Merger of Thyssen and Krupp |
| 20.09.1999 | Hoechst | Fresenius Medical Care | Merger of Hoechst and Rhône-Poulenc with Aventis |
| 14.02.2000 | Mannesmann | Epcos | Takeover of Mannesmann by Vodafone |
| 19.06.2000 | Veba | E.ON | Merger of Veba and Viag to form E.ON |
| VIAG | Infineon | ||
| 18.12.2000 | Degussa-Hüls | Degussa | Merger of Degussa-Hüls AG and SKW Trostberg AG to new Degussa AG |
| 19.03.2001 | KarstadtQuelle | Deutsche Post | IPO of Deutsche Post |
| 23.07.2001 | Dresdner Bank | MLP Vz. | Takeover of Dresdner Bank by Allianz |
| 23.09.2002 | Degussa | Altana | Inadequate market capitalisation |
| 23.12.2002 | Epcos | Deutsche Börse | Fast-exit of Epcos, as Epcos' market capitalisation became inadequate. |
| 22.09.2003 | MLP | Continental | Inadequate free float and market capitalisation. |
| 31.01.2005 | Lanxess | Lanxess was spun off from Bayer. In 2012 Lanxess was added back in DAX again. | |
| 01.02.2005 | Lanxess | ||
| 19.12.2005 | HypoVereinsbank | Hypo Real Estate | Takeover of HypoVereinsbank by UniCredit |
| 18.09.2006 | Schering | Postbank | Takeover of Schering by Bayer |
| 18.06.2007 | Altana | Merck | After the sale of Nycomed, inadequate market capitalisation |
| 22.09.2008 | TUI | K+S | Fast-entry of K+S, inadequate market capitalisation of TUI |
| 22.12.2008 | Continental | Beiersdorf | Fast-exit of Continental because of inadequate free-float market capitalisation after the acquisition by Schaeffler Group |
| 22.12.2008 | Hypo Real Estate | Salzgitter | Fast-exit of Hypo Real Estate because of inadequate free-float market capitalisation after a stake by American investor JC Flowers, as well as huge decline in market capitalisation during the Financial crisis of 2007–2010 |
| 23.03.2009 | Deutsche Postbank | Hannover Re | Fast-exit due to inadequate market capitalisation |
| Infineon Technologies | Fresenius Vz | ||
| 21.09.2009 | Hannover Re | Infineon Technologies | Inadequate market capitalisation |
| 21.06.2010 | Salzgitter | HeidelbergCement | Inadequate market capitalisation |
| 24.09.2012 | MAN | Continental | Inadequate free-float capitalisation after acquisition by Volkswagen |
| 24.09.2012 | Metro | Lanxess | Inadequate market capitalisation |
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“Hence, a generative grammar must be a system of rules that can iterate to generate an indefinitely large number of structures. This system of rules can be analyzed into the three major components of a generative grammar: the syntactic, phonological, and semantic components.”
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