Sky Deutschland to drop out of MDAX as Sky stake passes 90%

Sky’s stake in Sky Deutschland has now passed the 90% mark, meaning that the German arm of the new pan-European pay TV organisation is likely be removed from the MDAX list of second-ranked German listed companies.

Sky Deutschland issued a note stating that Sky’s stake in the company reached 90.04% on November 27, meaning that it was likely to lose its MDAX listing.

According to German press, Sky Deutschland is likely to be replaced in the MDAX, which 50 prime standard shares in non-technology companies that do not qualify for the DAX index, by shoe retailer Zalando.