Faurecia, Maurel & Prom, Olmix, VDI May Be Active: French Equity Preview
The following is a list of companies whose shares may have unusual price changes in Paris. Stock symbols are in parentheses after company names. Share prices are from the last close.
France’s CAC 40 Index advanced 60.08, or 1.8 percent, to 3,483.44 at the close in Paris. The SBF 120 index climbed 1.7 percent.
Etablissements Maurel & Prom SA (MAU FP): The French oil explorer said output from its operations in Gabon has been “slightly above” 16,000 barrels a day since the start of July. The company is also carrying out drilling in Colombia and Tanzania. The shares rose 1 percent to 9.77 euros.
Faurecia SA (EO FP): Europe’s biggest maker of car interiors will set up joint ventures with Chinese companies Geely and Limin to supply interior systems and automotive exteriors to all Geely brands in China. The shares increased 3.9 percent to 14.44 euros.
GDF Suez SA (GSZ FP): France’s former natural-gas monopoly, may buy a company in Turkey, Milliyet newspaper reported, citing Stephane Brimont, head of GDF’s european energy unit. GDF is also interested in Australian purchases, the Istanbul-based newspaper said. The shares increased 3.1 percent to 24.59 euros.
Olmix SA (MLOLM FP): The maker of clay-based additives said full-year revenue rose to 51 million euros from 47.8 million euros. The shares closed unchanged at 5.8 euros.
Renault SA (RNO FP): Nomura Holdings Inc. upgraded the carmaker to “buy” from “neutral.” The shares increased 3.3 percent to 32.15 euros.
Sanofi Aventis SA (SAN FP): The drugmaker will return commercial rights to the FluCell influenza vaccine to Crucell NV, the Dutch company said in a statement on Hugin.
Crucell will waive its existing right to exit an agreement with Sanofi’s Shantha Biotechnics to develop paediatric medicines, according to the statement. The shares fell 0.7 percent to 46.72 euros.
VDI Group (ALVDI FP): The safety products mail-order company said first-half billings rose to 25.67 million euros from 24.48 million euros a year earlier. The shares closed unchanged at 2.75 euros.