Report
BEL20: Who's in, who's out?
ON 20 MARCH 2020, THE RESHUFFLING OF THE BEL20 WILL BE EFFECTIVE. THE CUT-OFF DATE FOR THE ANNUAL REVIEW WAS LAST FRIDAY (IE. THE PENULTIMATE FRIDAY OF FEBRUARY). WE EXPECT THE CHANGES TO BE ANNOUNCED A FEW DAYS BEFORE THE EFFECTIVE ADJUSTMENTS. WE THINK THAT ONTEX AND APERAM WILL BE REPLACED BY AEDIFICA AND EURONAV.
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KBC Securities
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Alan Vandenberghe
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