FRANKFURT (dpa-AFX) - A major order from the German government is likely to drive the shares of cloud provider Ionos to a record high on Tuesday. The shares of the company, which is listed in the second-line index SDax, gained 7.7 percent to 22.95 euros in the morning on the trading platform Tradegate compared to the Xetra close. In the main market, this would be a record high for the shares of the United Internet subsidiary. The shares of the MDax group rose moderately in the morning.

Ionos was awarded a major contract by the German federal administration to set up a particularly secure computer cloud solution. An upper limit of EUR 410 million was specified in the tender for the framework agreement.

United Internet floated Ionos on the stock exchange in February 2023 at a price of EUR 18.50 per share. This was followed by a slide below the EUR 12 mark until October, before an upward trend began./mis/men