Atos, BASF, Debenhams, France Telecom: Europe Equity Preview

The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are from the last close.

The Stoxx Europe 600 Index rose 1.3 percent to 269.74. The Stoxx 50 Index gained 1.3 percent to 2,681.76. The Euro Stoxx 50 Index (SX5E), a benchmark for nations using the euro, climbed 1.7 percent to 2,993.54.

Atos Origin SA (RNO) : France’s second-biggest computer-services provider will have “practically” no debt by the end of the year and is looking for acquisitions in the electronic payments and transactions industry, Chief Executive Officer Thierry Breton told Le Journal des Finances. The shares advanced 0.9 percent to 37.95 euros.

BASF SE (BAS) : The world’s biggest chemical producer is preparing a bid for Cognis GmbH, a maker of lotions, cleaning products and shampoos, that may value the closely held company at about 3 billion euros ($4 billion), according to people with knowledge of the matter. The shares of Ludwigshafen-based BASF rose 1.6 percent, or 72 cents, to 46.97 euros.

Cie. Nationale a Portefeuille SA (NAT BB): Permira and Axa Private Equity are battling to buy Go Voyages SA and may each offer 300 million euros ($405 million) to 400 million euros for the travel company, Les Echos said, without saying where it got the information. The shares rose 0.4 percent to 39.87 euros.

Debenhams Plc (DEB) : The U.K.’s second-largest department-store retailer is interested in buying Finland’s Stockmann Oyj chain of department stores, the Independent on Sunday said, without saying where it got the information. The shares advanced 1.4 pence, or 1.8 percent, to 78.95 pence.

France Telecom SA (FTE FP): An Egyptian court upheld a verdict that prevents France’s biggest phone company from gaining full control of the Egyptian Co. for Mobile Services, allowing Orascom Telecom Holding SAE to keep its stake in the Egyptian company. The shares climbed 1.1 percent to 17.565 euros.

Finmeccanica SpA (FNC) : Italy’s biggest defense contractor is in talks to sell a 20 percent stake in its Ansaldo Energia SpA unit to OAO Power Machines as a prelude to an initial public offering of the business, MF said, without saying how it obtained the information. The shares rose 19 cents, or 1.9 percent, to 10.41 euros.

Kardan NV (KARD) : The Dutch-Israeli investor said its TBIF Financial Services unit received a notice from its partner in Russia’s SovCom Bank that it intends to exercise an option to buy another 19 percent in the bank. TBIF and the partner will each hold 50 percent of SovCom after the transaction. Kardan, which expects to record a gain from the sale, climbed 8.2 cents, or 1.9 percent, to 4.48 euros.

Lloyds Banking Group Plc (LLOY) : Britain’s biggest mortgage lender is looking at a joint venture with a brokerage firm to expand in investment banking, the Sunday Times reported, citing unnamed industry sources. The stock rose 1.53 pence, or 2.5 percent, to 64.09 pence.

Molecular Medicine SpA (MLM) : Italian Prime Minister Silvio Berlusconi’s Fininvest SpA plans to buy shares of MolMed which is seeking as much as 70 million euros to boost capital and stay afloat, Ansa reported, citing unidentified people close to Fininvest. The shares fell 3.5 cents, or 2.3 percent, to 1.51 euros.

Novartis AG (NOVN) : A U.S. judge ruled that the Sandoz unit of Switzerland’s second-biggest drugmaker can resume sales of King Pharmaceuticals Inc.’s Skelaxin muscle relaxant, which were temporarily halted April 1. The shares rose 9 centimes, or 1.6 percent, to 56.85 francs.

Publicis Groupe SA (PUB) : The owner of the Saatchi & Saatchi and Leo Burnett advertising agencies may reconsider its bid for France Televisions Publicite, the ad unit of France’s state-run television company, if the law that blocks advertising on public TV changes, Chief Executive Officer Maurice Levy told Le Journal du Dimanche. The shares rose 0.7 percent to 31.40 euros.

Sacyr Vallehermoso SA (SYV SM): Spain is close to reaching an agreement with companies including Sacyr that will solve the financial problems of toll roads in Madrid, El Pais cited Development Minister Jose Blanco as saying in an interview. Sacyr jumped 3.6 percent to 6.814 euros.

Telefonica SA (TEF) : The Spanish phone company said in an e-mailed statement it will decline to comply with a request by the Mexican government to halt services for unregistered mobile-phone clients. Telefonica wants clients to have more time to submit the information. The shares jumped 2.4 percent to 17.92 euros.

Telecom Italia SpA (TIT) : The Italian phone company may say it set aside as much as 500 million euros for 2009 for its Sparkle unit, Il Sole 24 Ore said, without saying how it obtained the information. The shares rose 1.2 cents, or 1.13 percent, to 1.07 euros.

UBS AG (UBSN) : UBS shareholders are close to voting against a legal waiver for 2007 for members and former members of the bank’s board, Sonntag said, citing an internal assessment by the bank. Failure to approve a waiver may prompt lawsuits against former executives, the newspaper said. The shares added 47 centimes, or 2.7 percent, to 17.68 francs.

Xstrata Plc (XTA LN): The world’s fourth-largest copper producer may make an offer as early as this week for Macarthur Coal Ltd. with cash and shares valued at about A$4 billion, allowing it to take between 30 percent and 45 percent of a newly created company, the Australian newspaper said. The shares rose 36 pence, or 2.9 percent, to 1,299 pence.

To contact the reporter on this story: Stephen Kleege in New York at skleege@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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