ABB, Banif, Fiat, Prudential, Repsol, Telefonica: European 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 0.6 percent to 248.33. The Stoxx 50 Index dropped 0.6 percent to 2,399.24. The Euro Stoxx 50 Index, a benchmark for nations using the euro, declined 0.6 percent to 2,629.25.

ABB Ltd. (ABBN VX): The world’s biggest builder of power- transmission networks is weighing other takeover targets after agreeing to buy Chloride Group Plc and software maker Ventyx Inc, Finanz und Wirtschaft said, citing an interview with Chief Financial Officer Michel Demare. The stock lost 0.9 percent to 19.89 francs.

Banco Sabadell SA (SAB SM): Spain’s fourth-biggest commercial bank offered to buy Banco Guipuzcoano SA (GUI SM) for 732 million euros ($903 million). Sabadell shares rose one cent, or 0.3 percent, to 3.64 euros. Guipuzcoano fell 6 cents, or 1.2 percent, to 4.90 euros.

Banif SGPS SA (BNF PL): The Portuguese bank said Rentipar Financeira SGPS SA now owns 248.2 million Banif shares, according to a regulatory filing. The stock gained 1.2 percent to 0.86 euro.

Cie. du Bois Sauvage SA (COMB BB): The Belgian investment firm said it bought the remaining 13 percent it didn’t already own in CBS Finance SA, the Brussels-based unit that holds stakes in Banque Degroof SA and Berenberg Bank GmbH, for an undisclosed amount. The shares were unchanged at 173 euros.

Deutsche Bank AG (DBK GY): The German lender with global operations is still hiring hundreds of people for its investment bank as Chief Executive Officer Josef Ackermann said the global financial crisis “opened opportunities in terms of clients and products and people.” The shares fell 1.2 percent to 47.10 euros.

EnCore Oil Plc (EO/ LN): The British exploration company may say this week that it has found an oil field containing as much as 300 million barrels, the Sunday Times reported, without saying where it obtained the information. The stock fell 1.4 percent to 35.5 pence.

Eurazeo (RF FP): France’s largest publicly traded private equity firm cut the number of bidders for B&B Hotels, the budget chain it bought five years ago, three people with knowledge of the deal said. A sale may fetch about 450 million euros, they said. Eurazeo shares fell 4 cents to 48.45 euros.

Fiat SpA (F IM): The Italian carmaker is negotiating with six banks on a 4 billion euro financing to prepare for splitting its car unit from its truck and tractor operations, the Wall Street Journal said, citing unidentified people familiar with the talks. The stock slid 2.4 percent to 8.87 euros.

HQ AB (HQ SS): The Swedish bank plans to hold an extraordinary general meeting. The shares declined 0.4 percent to 60.75 kronor.

MAN SE (MAN GY): The company’s diesel engine and turbine unit will receive new orders exceeding 3 billion euros ($3.7 billion) this year, unit head Klaus Stahlmann told the German newspaper Die Welt. The shares lost 2.7 percent to 67.56 euros.

Miko NV (MIKO BB): The Belgian coffee-service provider and maker of plastic food containers said it bought Scottish coffee- service operator Espresso Adesso for an undisclosed amount. Miko shares fell 78 cents, or 1.6 percent, to 49.61 euros.

Petrolia Drilling ASA (PDR NO): The Norwegian oil-rig owner will hold its annual general meeting. The shares were unchanged at 0.26 krone.

Prudential Plc (PRU LN): The U.K. insurer plans to recruit two non-executive directors in a move that may lead to the departure of Chairman Harvey McGrath, the Sunday Times reported, without saying where it got the information. The shares fell 2.9 percent to 530 pence.

Reed Elsevier NV (REN NA): The publisher of Variety magazine is being targeted by buyout firms seeking to purchase the company’s exhibitions business, the Sunday Times said, without saying where it got the information. Reed has told at least one buyout firm that the business, which may be valued at about 1.5 billion pounds ($2.3 billion), isn’t for sale, the newspaper said. Reed Elsevier slipped 5.1 cents, or 0.6 percent, to 9.194 euros.

Repsol YPF SA (REP SM): Spain’s largest oil company, BG Group Plc and Pan American Energy LLC signed an agreement to build a natural-gas plant in Bolivia that will require initial investment of about $500 million. Repsol shares fell 30 cents, or 1.7 percent, to 16.90 euros.

Sanofi-Aventis SA (SAN FP): Novo Nordisk A/S’s experimental insulin degludec diabetes treatment was as effective as Sanofi- Aventis’s once-daily Lantus in a mid-stage clinical trial, Novo said in a statement at the American Diabetes Association meeting in Orlando, Florida. Sanofi shares fell 41 cents, or 0.8 percent, to 49.02 euros.

Telefonica SA (TEF SM): The Spanish telecommunications company may be planning to sell shares in its call center unit Atento, valued at as much as 1 billion pounds, the Sunday Times said, without saying where it obtained the information. The shares fell 9 cents, or 0.6 percent, to 15.71 euros.

Tharreau Industries (THAR FP): The non-woven textile company said it plans a one-time dividend of at least 4 euros a share. The stock rose 95 cents, or 3.8 percent, to 26 euros.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net

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