By Fabio Benedetti-Valentini and Adria Cimino
Nov. 19 (Bloomberg) -- The following is a list of companies whose stocks may have unusual changes in Paris. Symbols are in parentheses after company names and prices are from the last close.
November futures on France’s benchmark CAC 40 Index added 3 to 3,831.5 at 8:26 a.m. in Paris.
The CAC 40 closed down 0.90, or less than 0.1 percent, at 3,828.16 yesterday. The SBF 120 Index lost 1.83 to 2,787.35.
Air France-KLM Group (AF FP): Europe’s largest airline posted a 147 million-euro ($219 million) net loss in the three months ended Sept. 30, compared with net income of 27 million euros a year earlier. The stock fell 3 cents, or 0.3 percent, to 11.40 euros.
Axa SA (CS FP): The insurer said its Asia Pacific unit rejected the company’s buyout proposal. The French company said Axa Asia Pacific is unwilling to engage in talks. Axa said it has not withdrawn or modified the offer and that it remains open in all respects. The stock climbed 48 cents, or 2.9 percent, to 17.23 euros.
Bull SA (BULL FP): France’s biggest computer maker started exclusive talks to buy high-security systems group Amesys from Crescendo Industries in exchange for a 20 percent stake in its own capital and 33 million euros in cash. The shares fell 1 cent to 3 euros.
Eramet SA (ERA FP): Eramet’s unit Societe Le Nickel said it’s targeting annual nickel production of 65,000 tons in five years. The company said in a statement that it expects savings of 90 million euros by 2012. The stock added 1.35 euros, or 0.6 percent, to 224.30.
Gemalto NV (GTO FP): The company said it plans to increase its profit from operations by more than 50 percent to 300 million euros in 2013 as part of its 2010-2013 development plan. The company is “well on track to achieve another profit expansion in the full year 2009,” and its adjusted Ebit for the full year is now expected to be around 180 million euros, it said. The stock added 63 cents, or 2.1 percent, to 30.35 euros.
Groupe Danone SA (BN FP): The world’s largest yogurt maker cut its target for medium-term annual sales growth excluding purchases to at least 5 percent from the previous forecast of 8 percent to 10 percent. The shares fell 90 cents, or 2.1 percent, to 42.52 euros.
European Aeronautic Defence & Space Co. (EAD FP): The company will present its case next week in a series of hearings with France’s market regulator as part of a three-year insider trading investigation that is close to concluding. The shares lost 4 cents, or 0.3 percent, to 13.51 euros.
Iliad SA (ILD FP): France’s second-largest provider of broadband Internet may get the country’s fourth mobile-phone license next month, Le Figaro reported, without saying where it got the information. The shares rose 39 cents, or 0.5 percent, to 78.98 euros.
Vivendi SA (VIV FP): The company is seeking a bigger portion in cash from partner General Electric Co. for its 20 percent stake in NBC Universal, according to two people familiar with the matter. Vivendi shares were little changed at 19.40 euros.
To contact the reporter on this story: Fabio Benedetti-Valentini in Paris at fabiobv@bloomberg.net.
Last Updated: November 19, 2009 02:34 EST
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