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SAP, ThyssenKrupp, Vossloh, Salzgitter: German Equity Preview

By Claudia Rach and Julie Cruz

Oct. 28 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses and prices are from the previous close.

DAX Index futures expiring in December dropped 0.4 percent to 5,621.00 as of 8:32 a.m. in Frankfurt. The DAX Index fell 0.1 percent to 5,635.02.

BayWa AG (BYW6 GY): The producer of agricultural products and building material has bought, through a subsidiary, Sunways AG’s shares in MHH Solartechnik GmbH. The purchase price, which includes a performance-related component, amounts to about 15 million euros ($22.2 million) to 20 million euros, Sunways said. BayWa gained 5 cents, or 2 percent, to 23.24 euros. Sunways (SWW GY) declined 1 cent, or 0.4 percent, to 2.54 euros.

Deutsche Bank AG (DBK GY): Germany’s biggest lender is poised to buy the Luxembourg-based holding company of wealth manager Sal. Oppenheim Jr. & Cie. for about 1 billion euros, two people familiar with the matter said. The shares declined 23.5 cents, or 0.5 percent, to 50.46 euros.

Deutsche Telekom AG (DTE GY): Europe’s largest phone company, and BT Group Plc were rated “overweight” in new coverage at Barlcays Plc, as the bank initiated on the European telecoms industry with a “positive” view. Deutsche Telekom shares dropped 0.5 cent, or 0.1 percent, to 9.49 euros.

Grenkeleasing AG (GLJ GY): The company that leases computer equipment to small businesses in eight European countries said nine-month net income fell to 19.6 million euros from 24.9 million euros. The shares dropped 24 cents, or 0.9 percent, to 27.01 euros.

MorphoSys AG (MOR GY): The biotechnology company reported a decline in third-quarter net income to 2.6 million euros from 5.5 million euros as sales slipped to 19.7 million euros from 20 million euros. The shares rose 2 cents, or 0.1 percent, to 18.17 euros.

Salzgitter AG (SZG GY): Wolfgang Leese, the company’s chief executive officer, warned against over-optimism, saying that a recovery in steel-sector demand in recent weeks is not likely to be sustained, Reuters reported. The market remains unstable and at best will be flat, the newswire cited Leese as saying. The shares fell 1.98 euros, or 3 percent, to 63.72 euros.

SAP AG (SAP GY): The world’s biggest maker of business- management software said third-quarter profit gained and predicted that software sales will drop more than forecast as customers spend less amid the economic slump. The shares gained 31 cents, or 0.9 percent, to 34.41 euros.

Stratec Biomedical Systems AG (SBS GY): The maker of laboratory equipment for diagnostics companies said nine-month net income rose 37 percent to 7.8 million euros, as sales gained. The shares added 3 cents, or 0.1 percent, to 22.27 euros.

ThyssenKrupp AG (TKA GY): The steelmaker’s Chief Executive Officer Ekkehard Schulz will become the head of RWE AG’s supervisory board, Platow Brief said, without saying where it got the information. Schulz will follow Manfred Schneider after the summer break in 2010 or, at the latest, in January 2011, the newsletter said. ThyssenKrupp shares fell 56 cents, or 2.3 percent, to 23.43 euros. RWE (RWE GY) declined 25 cents, or 0.4 percent, to 60.98 euros.

Vossloh AG (VOS GY): Germany’s biggest supplier of concrete railroad ties said third-quarter profit and sales declined and reiterated its full-year earnings targets. The shares fell 37 cents, or 0.5 percent, to 70.63 euros.

Wirecard AG (WDI GY): The German vendor of online payment software said nine-month earnings before interest, taxes, depreciation and amortization gained 16 percent to 43.6 million euros, as sales increased. The shares slumped 16 cents, or 1.9 percent, to 8.43 euros.

To contact the reporters on this story: Claudia Rach in Berlin at crach1@bloomberg.net; Julie Cruz in Frankfurt at jcruz6@bloomberg.net.

Last Updated: October 28, 2009 03:56 EDT

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