Germany's Deutsche Boerse announced on Monday that Dr. Ing. h.c. F. Porsche AG will replace Puma SE and start trading on the Frankfurt Stock Exchange's (FWB) most significant index DAX on December 19.

Meanwhile, Puma will be relegated to the slightly lower-tier MDAX.

Porsche Automobil Holding SE, a holding company of Volkswagen AG that owns 75% of Porsche AG, already trades on DAX.