Agfa, Areva, Fiat, HSBC, LVMH, Repsol: European Equity Preview

The following companies’ shares may be active in European trading. Stock symbols are in parentheses, and prices are from the previous close.

The Stoxx Europe 600 Index advanced 0.4 percent to 271.97. The Stoxx 50 Index rose 0.6 percent to 2,605.10. The Euro Stoxx 50 Index, a benchmark for nations using the euro, slipped 0.3 percent to 2,875.94.

Actividades de Construccion y Servicios SA (ACS SM): A group formed by ACS and Acciona SA (ANA SM) won a contract with a required investment of 1.1 billion euros ($1.55 billion) to build and operate the Windsor Essex Parkway highway in Canada. ACS shares fell 56 cents, or 1.5 percent, to 36.04 euros. Acciona shares fell 85 cents, or 1.4 percent, to 60.79 euros.

Agfa-Gevaert NV (AGFB BB): Europe’s largest maker of prepress products said shareholders took 89.6 percent of the 148.2 million euros of discounted stock the company is selling to repay debt, fund future purchases and facilitate refinancing talks with lenders. The remaining subscription rights will be sold in a scrip offering and share trading will be suspended during the private placement, said Agfa-Gevaert. The shares rose 1.9 percent to 4.40 euros.

Airbus SAS (EAD FP): The world’s biggest commercial airplane maker agreed to sell its A400 military transport to seven European governments, securing the plane’s future after years of delays. Airbus gained 0.8 percent to 18.40 euros.

Areva SA (CEI FP): Talks on the sale of two EPR nuclear reactors to India are “very advanced” and may lead to the signing of a contract during French President Nicolas Sarkozy’s visit to the country next month, Le Figaro said, citing Chief Executive Officer Anne Lauvergeon. The shares fell 2.1 euros, or 0.6 percent, to 347.65 euros.

BAE Systems Plc (BA/ LN): The Typhoon combat aircraft, which is manufactured by a group of companies including BAE Systems and is already in service with the U.K. and German air forces, is in the running for an $11.5 billion contract from the Indian Air Force, the Sunday Telegraph said, citing an unidentified Indian official. The shares fell 0.2 percent to 341.9 pence.

Bayerische Motoren Werke AG (BMW GY): The carmaker’s Rolls- Royce Motor Cars Ltd. unit plans to expand its global network of dealerships, WirtschaftsWoche magazine reported, citing an interview with Rolls-Royce head Torsten Mueller-Oetvoes. The shares declined 0.02 euros, or 0.04 percent, to 54.06 euros.

BP Plc (BP/ LN): The oil company which in June cancelled three quarterly dividend payments is considering reducing the amount it pays out to shareholders, the Sunday Times reported, citing the energy company’s chief executive officer, Robert Dudley. The stock advanced 0.3 percent to 446.35 pence.

Diageo Plc (DGE LN): The world’s largest spirits maker may get the approval of the Chinese government this week to take control of Sichuan Chengdu Quanxing Group, Sky News City Editor Mark Kleinman reported in a blog on Sky’s website, citing people close to the talks. The shares fell 0.7 percent to 1,161 pence.

E.ON AG (EOAN GY): Germany’s biggest utility is in advanced talks to sell its U.K. power network for as much as 3.5 billion pounds ($5.66 billion), the Sunday Times reported, without saying where it got the information.

Furthermore, E.ON Chief Executive Officer Johannes Teyssen plans to restructure large parts of the company, sell less profitable units and work with partners, Der Spiegel said without citing its source. The stock rose 0.035 euros, or 0.2 percent, to 22.62 euros.

Fiat SpA (F IM): The Italian carmaker is considering creating a new company partly owned by Chrysler Corp. to manage its Mirafiori plant in Turin, la Repubblica said, without saying where it got the information. The shares rose 26 cents, or 2.1 percent, to 12.78 euros.

Finmeccanica SpA (FNC IM): Italy’s biggest defense company said a fourth satellite of the Italian Earth observation constellation COSMO-SkyMed was successfully launched. The shares fell 17.5 cents, or 1.8 percent, to 9.37 euros.

HSBC Holdings Plc. (HSBA LN): A U.S. unit of Europe’s biggest bank that agreed to strengthen efforts to combat money laundering said it’s still being investigated by the Justice Department and other agencies for compliance with bank-secrecy laws. HSBC slid 1.7 percent to 683 pence.

LVMH Moet Hennessy Louis Vuitton SA (MC FP): A probe into the luxury goods group’s purchase of a 17.1 percent stake in Hermes will focus on the level of transparency and if shareholders were “correctly informed,” Jean-Pierre Jouyet, head of France’s market regulator, told Le Journal du Dimanche. The shares fell 10 cents, or 0.1 percent, to 119.10 euros.

Pernod-Ricard SA (RI FP): The Belgian investment firm Groupe Bruxelles Lambert SA (GBLB BB) said it raised its stake in the French drinks maker to 9.9 percent. The shares retreated 1.18 euros, or 1.8 percent, to 63.05 euros.

Repsol YPF SA (REP SM): The Spanish company’s Argentine unit approved the sale of as much as $600 million of bonds under a $1 billion global debt program, YPF said in a filing on the Buenos Aires Stock Exchange’s website. Repsol shares fell 14 cents, or 0.7 percent, to 19.96 euros.

Telecom Italia SpA (TIT IM): Banca Leonardo equity analyst Enrico Coco downgraded the stock of Italy’s largest phone company to “underweight” from “buy.” The stock fell 2.7 cents, or 2.5 percent, to 1.04 euros.

To contact the reporter on this story: Tara Lachapelle in New York at tlachapelle@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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