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Deutsche Post, SAP, VW, ThyssenKrupp: German Equity Preview

By Brian Parkin

Nov. 16 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

The benchmark DAX Index added 22.87 points, or 0.4 percent, to close at 5,686.83.

Deutsche Post AG (DPW GY): The German mail carrier’s Chief Executive Officer Frank Appel may close some of the country’s 12,000 post offices as he tries to compensate for declining letter business, Wirtschaftswoche reported. Deutsche Post may also try to fend off the government’s plan to scrap a value- added tax exemption on letters, Appel said. The stock rose 12 cents, or 1 percent, to 12.55 euros.

Volkswagen AG (VOW GY): Volkswagen plans to almost double the number of dealerships in China as the German carmaker gains market share, Automobilwoche reported. The Volkswagen brand will increase dealerships to more than 1,500 from the current 800, while Audi dealers will grow to 200 from 120, the magazine said. Volkswagen shares fell 1.82 euros, or 1.85 percent, to 96.40 euros.

SAP AG (SAP GY): The world’s biggest maker of business- management software said it plans to raise the fees it charges customers to service software, Wirtschaftswoche reported, without saying where it got the information.

The fees will be increased to 22 percent of the licensing costs by 2015 from 17 percent, the magazine said in a preview of next week’s edition. The shares of Waldorf, Germany-based SAP rose 24 cents, or 0.76 percent, to 32.29 euros.

ThyssenKrupp AG (TKA GY): Germany’s largest steelmaker sold its U.S.-based scaffolding-rental unit Safway to Odyssey Investment Partners, a private equity fund, as it focuses on its main business, Handelsblatt reported. Safway employs 7,000 and had sales of $715 million in 2008, the newspaper said. In a separate report in Focus magazine, ThyssenKrupp Chief Executive Officer Ekkehard Schulz said he will leave the company when his contract expires in 2011. Thyssenkrupp’s stock rose 29 cents, or 1.23 percent, to 23.84 euros.

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net.

Last Updated: November 15, 2009 18:01 EST

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