EuropaCorp, Natixis, GDF Suez, Renault and Veolia: French Equity Preview
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.
France’s CAC 40 Index rose 116.72, or 3.4 percent, to 3,525.31 in Paris. The SBF 120 Index also rose 3.4 percent.
Capgemini SA (CAP FP): The computer services company said Serge Kampf was re-elected president and Paul Hermelin was voted vice chairman and chief executive officer. The shares gained 3 percent to 36.73 euros.
EuropaCorp (ECP FP): The movie production company said fill year sales rose 41 percent to 181 million euros. The shares gained 1 percent to 4.85 euros.
GDF Suez SA (GSZ FP): Gas prices in France could rise between 4 and 5 percent on July 1, Le Figaro reported. The shares gained 3.9 percent to 25.57 euros.
Natixis SA (KN FP): The investment bank may seek asset management acquisitions and has no need for a capital increase at “this stage” its chief executive officer Laurent Mignon said at the annual general meeting. The shares rose 5.2 percent to 3.59 euros.
Renault SA (RNO FP): France’s second largest car maker agreed to use more French-made parts in its new Zoe electric car under pressure from the government, Industry Minister Christian Estrosi said. The shares rose 6.1 percent to 29.18 euros.
Veolia Environnement SA (VIE FP): The water company said it won a 270 million euro contract from Cincor. The shares rose 2.4 percent to 20.78 euros.