Electricite de France, GDF, Gorge, Vicat May Move: 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.
The CAC 40 fell 86.43, or 2.4 percent, to 3,555.36. The SBF 120 Index dropped 2.3 percent.
Electricite de France SA (EDF FP): Europe’s biggest power producer has postponed a decision on investing in a new methane terminal in Dunkirk, northern France, Le Monde reported, citing an unidentified company spokesman. The shares fell 3.1 percent to 34 euros.
GDF Suez SA (GSZ FP): The French utility can raise regulated natural gas prices for households by 4.7 percent from July 1, the French energy regulator said. The Commission de Regulation de l’Energie also said the first results from an audit on the way the company calculates rates points to possible changes to incorporate lower prices on the spot markets. The shares fell 2.4 percent to 25 euros.
Groupe Gorge (GOE FP): The maker of submarine robotics and composite parts for cars and airplanes said it has stopped its shipbuilding business, which was put in liquidation by a commercial court. The shares fell 1.7 percent to 6.39 euros.
Ciments Vicat (VCT FP): The concrete maker said it completed a 195 million-euro financing to build a plant in India that will have a cement capacity of 5.5 million tons per year. The shares dropped 2.5 percent to 55 euros.