Paris – 23 June 2014 – Euronext today welcomed Valeo as the company celebrated its inclusion in the CAC 40® index by ringing the bell that opens trading on financial markets.
French automotive supplier Valeo (ticker code: FR) was added to the CAC 40®, the main stockmarket index in Paris, following the half-year revision on 5 June 2014.
The company had not been a component stock of the CAC 40® index since 2001.
During the ceremony, Jacques Aschenbroich, CEO of Valeo said: “Valeo Group return to the CAC 40® index is a source of immense pride to our 77,000 employees. The decision recognizes their exceptional efforts over the past few years, and testifies to the trust of our shareholders, itself a reflection of our customers’ growing trust.”
Marc Lefèvre, Head of European Business Development and Client Coverage, European Listings, added: “Euronext is delighted to welcome Valeo as we celebrate its return to the CAC 40®. Since the index’s launch in 1988, it has become a benchmark for in some ways illustrating in the French economy, not least through the sheer diversity of its component stocks. The CAC 40® index is an icon representing the French stockmarket, and joining it will raise Valeo’s profile in the French and international financial community.”