Carrefour, Peugeot, Safran, Vinci May Move: French Equity Market 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 fell 51.16 points, or 1.4 percent, to 3,581.82 in Paris. The SBF 120 index slipped 1.3 percent.

ADLPartner SA (ALP FP): The French marketing company said Vigneron, its main investor, is in exclusive talks to buy 34.85 percent of ADLPartner from Publishers Clearing House for 7.61 euros a share to raise its stake to 71 percent. The shares were unchanged at 11.85 euros.

Carrefour SA (CA FP): Europe’s biggest retailer reported second-quarter sales rose 6.3 percent to 24.9 billion euros ($32 million), beating analysts’ estimates, led by growth in France. The shares rose 0.1 percent to 35.34 euros.

PSA Peugeot Citroen (UG FP): Europe’s second-biggest carmaker announced a 400 million-euro plan to develop a range of rechargeable diesel-electric cars, with half of the investment funded by loans from the European Investment Bank. The shares fell 2.7 percent to 23.71 euros.

Renault SA (RNO FP): The French carmaker and its Japanese partner Nissan Motor Co. will make 300,000 subcompacts a year with AvtoVAZ at a factory in Russia starting in 2012, Nikkei English News reported, citing an interview with AvtoVAZ President Igor Komarov. Renault shares fell 1.8 percent to 34.45 euros.

Safran SA (SAF FP): The French defense-electronics maker is in talks to buy most of U.S.-based L-1 Identity Solutions Inc., according to two people with knowledge of the matter. L-1 had a stock market value of $670 million as of yesterday. Safran shares fell 4.6 percent to 20.80 euros.

Stallergenes SA (GENP FP): The pharmaceuticals company revised a profit forecast upwards. The shares fell 0.4 percent to 55 euros.

Ubisoft Entertainment SA (UBI FP): Electronic Arts Inc. is selling a 14.8 percent stake in Europe’s biggest video-game producer in the market, according to terms of the offer obtained by Bloomberg News. The shares dropped 3.2 percent to 6.97 euros.

Vinci SA (DG FP): The world’s biggest construction company won a contract from France’s rail-network operator Reseau Ferre de France to build and maintain a 7.8-billion euro high-speed rail link between Tours and Bordeaux in southern France. The shares fell 1.3 percent to 36.01 euros.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net.

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