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The division of the automotive giant "Volkswagen" - "Porsche" - has been officially included in the group of companies that are part of the main DAX index of the German stock exchange in Frankfurt, as of today, DPA reported.

DAX traditionally includes companies with the largest market capitalization and turnover, whose shares are traded on the Frankfurt Stock Exchange, informs. 

Chief executive Oliver Blume said the company was "happy and proud" to be listed on the main index of the Frankfurt stock exchange, which shows that investors around the world are convinced of the good results of its business model.

The German luxury sports car maker, which is based in Stuttgart, made its debut on the Frankfurt Stock Exchange in late September.

Porsche's IPO raised nearly 9.4 billion euros, making it Germany's largest since 1996. 

"Porsche" has overtaken "Volkswagen" as the most expensive car manufacturer in Europe

The bell, which traditionally marks the beginning of stock market trading, was not rung this morning in Frankfurt, as the plane with which the Porsche bosses were supposed to arrive failed to take off on time due to bad weather conditions, DPA notes.

The Frankfurt Stock Exchange announced that the bell would be struck at noon.


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