Bucher, Dexia, Fiat, Oerlikon, SAP, UBS: Europe Equity Preview

The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index gained 0.4 percent to 249.46. The Stoxx 50 Index rose 0.9 percent to 2,420.80. The Euro Stoxx 50 Index (SX5E), a benchmark for nations using the euro, advanced 1.1 percent to 2,638.31.

Assicurazioni Generali SpA (G) : French entrepreneur Vincent Bollore, vice chairman of Generali, may lift his stake in the Italian insurer to as much as 2 percent, La Repubblica said, without saying where it obtained the information. The shares rose 0.55 percent to 14.58 euros.

Arcandor AG (ARO) : Nicolas Berggruen, the billionaire who agreed to buy insolvent Karstadt, will meet the owners of most of the company’s real estate today to discuss rents for outlets of the German department store chain, Focus said, without saying where it got the information.

Berggruen told Welt am Sonntag that he’s close to solving a dispute with Highstreet partnership on future rent payments. Shares of Arcandor, the insolvent parent company of Karstadt, rose 2.8 percent to 0.22 euros.

Atlantia SpA (ATL) : Italy’s largest toll highway operator agreed to buy a 10 percent stake in Brazil’s Triangulo do Sol for 31 million euros ($37.6 million), increasing its holding to 60 percent, according to a statement distributed by the Italian exchange. The stock rose 0.48 percent to 14.80 euros.

Banco de Sabadell SA (SAB SM): The Catalonia-based lender won’t seek money from the FROB bank rescue fund for a merger with Banco Guipuzcoano SA, El Pais reported.

Separately, Standard & Poor’s placed Sabadell’s long-term corporate credit rating on CreditWatch with negative implications, after the bank said it was considering the merger. The shares advanced 8.3 percent to 3.569 euros.

Banco Santander SA (SAN) : Spain’s largest bank lowered its offer for 318 branches of Royal Bank of Scotland Group Plc, the Financial Times said. The shares increased 7.2 percent to 8.61 euros.

BP Plc (BP/) : The oil company’s board will meet to discuss whether to cut or defer its second-quarter dividend payment following the Gulf of Mexico oil spill. The stock rose 7.2 percent to 391.9 pence.

Bucher Industries AG (BUCN) : The Swiss food-processing-machinery company hopes for order growth of 10 percent to 20 percent at its hydraulics business in the full year, Finanz und Wirtschaft said, citing Chief Executive Officer Philip Mosimann in an interview. The shares fell 0.8 percent to 123.3 francs.

Club Mediterranee SA (CU FP): The French resorts operator said China’s Fosun International Ltd. has acquired a 7.1 percent stake and the two companies will form an alliance to help Club Med open resorts in China. Club Med’s shares rose 9.4 percent to 12.60 euros.

Dexia SA (DEXB) : Belgium’s biggest bank by assets said its share count rose by 4.76 percent after the distribution of bonus shares. Dexia climbed 3.4 percent to 3.20 euros.

Fiat SpA (F) : Fiat SpA, Italy’s largest manufacturer, won partial agreement from unions on its requests for increased shifts to boost production at its Pomigliano d’Arco plant near Naples, a spokesman said, declining to be identified because of company policy. The shares rose 0.1 percent to 8.93 euros.

Flughafen Zuerich AG (FHZN) : May traffic at Zurich Airport rose 7.2 percent from a year earlier, driven by a 12.1 percent gain in local passengers as transfers declined 1.6 percent, the airport said in an e-mailed statement. The shares were little changed at 330 francs.

Groupe Bruxelles Lambert SA (GBLB) : The Belgian investment firm controlled by billionaires Albert Frere and Paul Desmarais sold 350 million euros of 7 1/2-year bonds with an annual coupon of 4 percent. The notes were priced to yield 3.692 percent. GBL advanced 1.3 percent to 59.78 euros.

OC Oerlikon Corp. AG (OERL) : The Swiss machinery maker’s controlling shareholder, Viktor Vekselberg, is in talks to buy Austrian investor Ronny Pecik’s 9 percent stake in the company, Sonntag said, citing Vekselberg and a spokesman for Pecik. The shares gained 0.8 percent to 5.39 Swiss francs.

Pfleiderer AG (PFD4 GY): The German maker of laminate flooring expects to return to profit next year as the company increases prices, and markets recover, Wirtschaftswoche reported, citing Chief Executive Officer Hans Overdiek. The shares fell 0.4 percent to 3.68 euros.

Renault SA (RNO) : France’s second-biggest carmaker, which received 3 billion euros in state loans as part of France’s aid package for the country’s automaking industry, aims to start repaying at least 500 million euros this year, Chief Executive Officer Carlos Ghosn told Europe 1 radio in an interview. The shares rose 0.7 percent to 30.62 euros.

Resolution Ltd. (RSL LN): Axa SA, Europe’s second-biggest insurer, is in talks to sell most of its U.K. life insurance unit to Clive Cowdery’s Resolution for about 2.8 billion pounds, two people briefed on the talks said. The stock fell 0.3 percent to 60.3 pence.

SAP AG (SAP) : Sybase Inc. executives violated investors’ rights by agreeing to sell the software company to SAP for $5.8 billion, investor Donald Carlson said in a Delaware Chancery Court suit. The shares advanced 0.2 percent to 36.30 euros.

Societe Fonciere Lyonnaise (FLY) : The French property company appointed Juan Jose Brugera as its provisional chairman and chief executive officer, it said in an e-mailed statement. The stock rose 1.2 percent to 29 euros.

Societe Generale SA (GLE) : France’s second-largest bank by market value plans to buy Societe Marseillaise de Credit from French rival BPCE SA, La Tribune reported on June 11, without saying where it got the information. The shares rose 3.3 percent to 33.73 euros.

UBS AG (UBSN) : Switzerland’s tax authority has sent 500 UBS client dossiers to the U.S. after the bank’s customers agreed to the handover, Sonntag reported, citing Thomas Brueckner, a spokesman for the Swiss tax authority. The stock advanced 3.3 percent to 14.96 francs.

To contact the reporter on this story: Joanna Ossinger in New York at jossinger@bloomberg.net

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

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