Nordic Stocks: Bavarian Nordic, Norsk Hydro, Songa Offshore, TGS Nopec

The Stoxx Nordic 30 Index, a measure for the region, was little changed at 6,789.19 at 10:50 a.m. in Stockholm.

The OMX Stockholm 30 Index decreased 0.1 percent as Norway’s OBX Index lost 0.2 percent. The Helsinki 25 Index slipped 0.4 percent and the OMX Copenhagen 20 Index jumped 0.4 percent.

The following companies’ shares are among the most active in Nordic markets today. Symbols are in parentheses.

Bavarian Nordic A/S (BAVA DC) climbed 5.5 percent to 278 kroner, poised to reach its highest close since 2007. The Danish biopharmaceutical company said a cancer treatment similar to one it is testing got approval from the U.S. Food and Drug Administration.

Norsk Hydro ASA (NHY NO) slipped 1.8 percent to 44.96 kroner, falling for a second day. Europe’s third-largest aluminum maker agreed to take over mine assets from Vale SA for $4.9 billion.

Songa Offshore ASA (SONG NO) rose 2.8 percent to 28.24 kroner, erasing the 1.2 percent slide on April 30. The Norwegian oil-equipment service company reported first-quarter net income of $33.2 million and said Chief Financial Officer Tom E. Jebsen will become senior vice president and will be replaced by Geir Magne Karlsen, who will take up his position on August 2.

TGS Nopec Geophysical Co. ASA (TGS NO) fell 2.9 percent to 110.6 kroner, extending the 11 percent fall on April 30. The Norwegian oil and gas service provider said the recent rig fire and subsequent spill in the Gulf of Mexico on Mississippi Canyon block 252 is located within the boundaries of the TGS Justice Wide Azimuth (WAZ) survey.

Torm A/S (TORM DC) fell 4.1 percent to 58.5 kroner, sliding for a fourth day. Europe’s biggest oil-products shipper’s tanker division chief and five other executives have quit the Hellerup, Denmark-based company and joined a newly established competitor, Hafnia Management, newspaper Jyllands-Posten reported.

Yara International ASA (YAR NO) rose 1.4 percent to 209.4 kroner, paring the 2.6 percent loss on April 30. The world’s largest supplier of mineral fertilizers was raised to “neutral” from “reduce” at First Securities ASA.

To contact the reporter on this story: Adam Ewing in Stockholm at aewing5@bloomberg.net.

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