The most valuable Dax group Linde plc says goodbye to the Frankfurt Stock Exchange. The shareholders voted for this step with at least about 93 percent of the votes, the world's largest industrial gases company said on Wednesday in Woking, UK.

According to the information, the withdrawal from the Frankfurt Stock Exchange is expected to take effect on March 1 or around the date. The Dax loses its most valuable member: the company was last valued at around 150 billion euros.

Linde plc shareholders are to receive one share for each share in the new Linde holding company, which will be listed on the New York Stock Exchange. According to index experts at Deutsche Bank and Societe Generale, Linde's successor in the Dax is likely to be the armaments group and automotive supplier Rheinmetall.