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DaimlerChrysler, VW, Deutsche Boerse: German Equity Preview

By Sheenagh Archey

May 23 (Bloomberg) -- The following stocks may make gains or losses in German markets today.

Futures that track Germany's benchmark DAX Index advanced 0.7 percent to 4396 as of the 8 p.m. close on Friday Frankfurt time on Eurex AG, the world's biggest futures market. The DAX closed up less than 0.1 percent to 4360.68 on the Xetra electronic-trading system.

The stock symbols are in parentheses after the company names and prices are from Xetra close unless otherwise stated.

DaimlerChrysler AG (DCX GY): Mercedes Car Group plans to spend 2 billion euros ($2.5 billion) in 2005 and 2006 to expand its operations at three German plants, Automobilwoche reported, citing unidentified managers. DaimlerChrysler shares added 13 cents, or 0.4 percent, to 32.58 euros.

Deutsche Bank AG (DBK GY): Germany's biggest bank denied a report in Spiegel magazine saying it's in talks with Siemens AG Chief Financial Officer Heinz-Joachim Neubuerger to replace the bank's chief executive officer, Josef Ackermann.

``There are no discussions about changes in senior management of the bank,'' spokesman Alfredo Flores said in a telephone interview on Saturday. ``No third parties have been approached in connection with this topic.''

Deutsche Bank shares were little changed at 61.50 euros.

Deutsche Boerse AG (DB1 GY): The operator of the Frankfurt exchange may discuss four new candidates for its supervisory board before the company's annual shareholders meeting on May 25, Germany's Frankfurter Allgemeine Zeitung reported. The shares rose 13 cents to 58.25 euros.

KarstadtQuelle AG (KAR GY): The company plans to sell 75 of its department stores by this fall to an investor who will continue to operate them, KarstadtQuelle's department-store unit head, Helmut Merkel, told Tagesspiegel am Sonntag. The shares rose 8 cents, or 0.9 percent, to 9.08 euros.

Volkswagen AG (VOW AG): Europe's largest carmaker is ``very satisfied'' with sales so far this year and is finding demand for its new models, said Chief Executive Officer Bernd Pischetsrieder in an interview in St. Gallen, Switzerland. VW shares advanced 19 cents, or 0.5 percent, to 35.69 euros.

To contact the reporter on this story: Sheenagh Archey in Frankfurt at sarchey@bloomberg.net.

Last Updated: May 23, 2005 00:57 EDT

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