Ferrovial, Nestle, Prudential, Telecom Italia Media: Europe Stocks 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 fell 0.5 percent to 256.92. The Stoxx 50 Index dropped 0.6 percent to 2,482.17. The Euro Stoxx 50 Index, a benchmark for nations using the euro, declined 0.8 percent to 2,745.97.

Abengoa SA (ABG SM): The company purchased call options on 4 million company shares with an execution price of 21.125 euros per share. The purchase of the options is related the sale of 200 million euros of convertible bonds carried out in June 2009. The shares dropped 2.7 percent to 16.83 euros.

Ageas (AGS BB): The owner of a 24.9 percent stake in Taiping Life Insurance Co. restated its 2009 net income to 1.21 billion euros ($1.49 billion) from 1.19 billion euros after a change in accounting rules for Chinese insurers boosted profit by 18 million euros. Ageas increased 0.2 percent to 2.09 euros.

Anheuser-Busch InBev NV (ABI BB): Eugenie Patri Sebastien SA, the investment vehicle of the brewer’s Belgian family holders, sold 74.4 million euros worth of AB InBev stock for an average of 39.47 euros a share on June 8, according to a regulatory filing. AB InBev fell 0.4 percent to 41.48 euros.

Ferrovial SA (FER SM): The company’s BAA Ltd. unit said it completed the sale of a 50 percent stake in the Airport Property Partnership to Segro Plc for 244 million pounds ($362 million). The shares fell 0.9 percent to 5.74 euros.

Imagination Technologies Group Plc (IMG LN): The U.K. maker of Pure digital radios is scheduled to report earnings. The shares fell 3.1 percent to 300 pence.

Kesa Electricals Plc (KESA LN): The electronics retailer is due to report earnings. The stock advanced 2 percent to 117.4 pence.

Nestle SA (NESN VX): The world’s largest food company has no plans to change the status quo over its 30 percent stake in L’Oreal SA, Chief Executive Officer Paul Bulcke told Reuters in an interview. The shares fell 0.5 percent to 53.3 francs.

Nexity SA (NXI FP): The French property developer said it plans to buy back and cancel shares equivalent to 4.5 percent of its capital. The stock fell 1.3 percent to 22.95 euros.

Prudential Plc (PRU LN): The National Association of Pension Funds met with the insurer’s management and didn’t call for the resignations of the chairman or chief executive officer. Some shareholders called for CEO Tidjane Thiam to step down after a failed bid for American International Group Inc.’s main Asian unit. The shares fell 1.3 percent to 571.5 pence.

Stagecoach Group Plc (SGC LN): The operator of Britain’s busiest commuter-rail service is due to report earnings. The shares rose 0.6 percent to 190.6 pence.

Telecom Italia Media SpA (TME IM): The television unit of Telecom Italia SpA (TIT IM) was raised to “hold” from “sell” at UniCredit. Telecom Italia Media said it’s not planning any transactions on its savings shares. The stock declined 0.4 percent to 21.55 cents.

Unipol Gruppo Finanziario SpA (UNI IM): The insurer completed the acquisition of a majority holding in units of rival Arca as part of an agreement with Banca Popolare di Sondrio (BPSO IM) and Banca Popolare dell’Emilia Romagna (BPE IM). Unipol fell 2.1 percent to 61.1 cents. Popolare Sondrio declined 1 percent to 6.89 euros. Popolare Emilia slipped 0.6 percent to 8.91 euros.

Vinci SA (DG FP): The world’s biggest construction company won a contract to provide infrastructure for a $500 million highway project in Vietnam. The shares fell 0.9 percent to 38.56 euros.

Warehouses De Pauw CVA (WDP BB): Belgium’s biggest semi- industrial real-estate investment fund said its shares will stop trading on Euronext Paris as of June 28 to cut costs associated with a dual listing. Warehouses De Pauw lost 0.8 percent to 33.84 euros.

Zetes Industries SA (ZTS BB): The maker of Belgium’s electronic identity cards said it was awarded a voter- registration contract in the Democratic Republic of Congo valued at more than $30 million. The company also forecast 2010 earnings will recover to a level seen in 2008. Zetes was unchanged at 16.95 euros.

To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net.

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