Audax Renovables joins the benchmark MSCI World Small Cap index
This stock market indicator is made up of more than 4,000 listed small-cap companies from 23 countries that are characterized by their good performance in terms of liquidity.The inclusion of the company in said index will become effective as of today.
FEBRUARY 28, 2023. Audax Renovables (ADX.MC), a vertically integrated Spanish energy group that generates 100 % energy from renewable sources and supplies electricity and gas to customers in 7 countries, has been included in the MSCI World Small Cap, a global benchmark index that reflects the representation of small-cap stocks in 23 developed-economy countries. Comprised of more than 4,000 listed companies, the index covers approximately 14% of the adjusted market capitalization of the free float Of each country.
The objective of the index, which is reviewed quarterly and bases its methodology on the MSCI Global Investment Indices, is to provide broad coverage of the most relevant investment opportunities, with special emphasis on liquidity.
For José Elías, president of the Audax group, "this inclusion in a world reference index such as the MSCI represents a true boost to the management of the entire Audax team, which has been able to find profitable and long-term business solutions for its customers and shareholders at a time when the market situation made it complex”.
The inclusion of the company in the index will become effective as of today, February 28.