ID Logistics is to join the SBF 120 index, a "significant" step in the development of the contract logistics specialist, whose share price rose slightly on Friday.

Euronext announced last night that ID Logistics would join the index on Monday June 19, before the opening of trading, replacing OVH.

This is recognition of our uninterrupted growth over the past 20 years, thanks to our specialist positioning in the contract logistics market, and of our financial performance, which generates value for our shareholders", commented CEO Eric Hémar.

Although the share price has fallen by around 3% since the start of the year, the group's market capitalization is flirting with the 1.6 billion euro threshold.

ID Logistics, which manages 375 sites in 18 countries and employs 30.000 employees, aims to generate sales of 2.5 billion euros by 2022.

Following this announcement, the share gained 1.5% on Friday on the Paris Bourse.

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