By Mary Childs
Nov. 9 (Bloomberg) -- The following companies may be active in European trading. Stock symbols are in parentheses and share prices are from the last close.
Europe’s Dow Jones Stoxx 600 added 1.9 percent to 245.74, and the Dow Jones Stoxx 50 Index climbed 2 percent to 2,488.63. The Euro Stoxx 50 Index, a benchmark for nations using the euro, increased 2.4 percent to 2,860.11.
Banco Santander SA (SAN SM): Banco Santander Chile, the country’s biggest lender, plans to sell $500 million of three- year bonds in its first overseas dollar issue in almost five years, according to a person familiar with the transaction. Santander shares added 2.3 percent to 11.48 euros.
BASF SE (BAS GY): The world’s largest chemical company, Akzo Nobel NV and Arkema SA may be fined by the European Union this week for fixing the price of a chemical used in plastic production, said five people with knowledge of the case. BASF shares advanced 2.5 percent to 38.50 euros.
Bilfinger Berger AG (GBF GY): Germany’s second-biggest builder said it aims to reduce the volume of its construction business to about 2 billion euros ($3 billion) in the “mid- term,” from 6 billion euros in 2008. The company also said it is considering an initial public offering for its Australian unit. The company is scheduled to report third-quarter earnings. The shares added 1.8 percent to 48.31 euros.
Eni SpA (ENI IM): Italy’s biggest energy company said it’s evacuating some staff for production in the Gulf of Mexico because of Tropical Storm Ida. An Eni spokeswoman in Rome said production would be affected, though she couldn’t give additional details. The stock increased 32 cents, or 1.9 percent, to 17.53 euros.
Fortis (FORB BB): The insurer will receive 41 million euros as part of a transaction that will give Kasikornbank Pcl (KBANK TB) a majority stake in Muang Thai Fortis Holding Co. Fortis rose 6.5 cents, or 2.2 percent, to 3.01 euros.
Klepierre SA (LI FP): The property company agreed to buy a further 21.3 percent stake in Italian mall owner IGC from Finiper for an estimated 47.6 million euros. The acquisition will raise Klepierre’s holding in IGC to 71.3 percent. The shares rose 46 cents, or 1.6 percent, to 28.81 euros.
Iberia Lineas Aereas de Espana SA (IBLA SM): Spain’s biggest airline canceled about 180 flights because of a planned strike by cabin crew. The stock declined less than 0.1 percent to 2 euros.
Intesa Sanpaolo SpA (ISP IM): Italy’s second-biggest bank plans to report third-quarter results. The bank may say profit fell to 418 million euros ($621 million) from 674 million euros a year earlier, according to the median estimate of 16 analysts surveyed by Bloomberg. The shares gained 4.25 cents, or 1.5 percent, to 2.9 euros.
Prysmian SpA (PRY IM): Goldman Sachs Group Inc. is selling a 12 percent stake in the world’s second-biggest cable maker in an accelerated offering. The shares were on sale at 11.80 euros to 12.30 euros apiece, according to two people familiar with the accelerated offering. The shares increased 8 cents, or 0.6 percent, to 12.9 euros.
Qiagen NV (QIA GY): The Dutch biotechnology company said third-quarter adjusted profit rose to $53.5 million from $42.4 million a year earlier. Qiagen also said, in an e-mailed statement, that it’s raising its forecast for adjusted earnings per share for fiscal 2009 to between 88 cents to 90 cents from the previous range of 86 cents to 90 cents, based on currency exchange rates at Jan. 31. The company also said it plans to buy SABiosciences Corp. for $90 million in cash.
The shares increased 2.2 percent to 14.84 euros.
RWE AG (RWE GY): Germany’s second-biggest utility pulled out of the competition to get U.K. funding for a large carbon- capture and storage plant, leaving E.ON AG (EOAN GY) and Iberdrola SA’s Scottish Power as the remaining contenders.
Separately, E.ON may agree to sell its power network to Dutch electricity-grid operator Tennet BV this week, said two people familiar with the matter.
RWE rose 2 percent to 60.49 euros, while E.ON AG shares gained 3.2 percent to 27.05 euros.
To contact the reporter on this story: Mary Childs in New York at mchilds4@bloomberg.net
Last Updated: November 9, 2009 18:19 EST
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