The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses and prices are from the previous close.
Draka Holding NV (DRAK NA): China’s Tianjin Xinmao S&T Investment Corp. has financing for its offer to buy Europe’s third-biggest cable maker for 20.50 euro per Draka share through a commitment from China Minsheng Banking Corp.
Draka, which had already agreed to a bid of 17.20 per share from Italian rival Prysmian SpA, slid 0.5 percent to 19.11 euros.
Royal Philips Electronics NV (PHIA NA): The world’s biggest lighting company plans to name Ron Wirahadiraksa as Chief Financial Officer. Pierre Jean Sivignon will step down for personal reasons. The shares lost 1.2 percent to 22.04 euros.
SNS Reaal NV (SR NA): The Dutch bank and insurer has attracted more interest from U.S. buyers for parts of its 1 billion euros ($1.3 billion) of international property-financing loans in the U.S., Chief Executive Officer Ronald Latenstein said in an interview. SNS plans to “phase out” about 6.9 billion euros of loans, including all its international property-finance operations and some of its Dutch real-estate loans, in the next two to four years.
The shares fell 2.5 percent to 3.17 euros.
KBC Groep NV (KBC BB): Belgium’s biggest bank by market value completed the divestment of its Peel Hunt subsidiary to a group of Peel Hunt employees and a group of external investors for 74 million pounds ($115.7 million). The shares dropped dropped 3.3 percent to 28.28 euros.
Omega Pharma NV (OME BB): Belgium’s largest supplier of pharmacy products signed a letter of intent to acquire the over- the-counter activities of Inibsa. The shares lost 0.3 percent to 32.15 euros.
Retail Estates NV (RET BB): Belgium’s biggest owner of out- of-town stores said fiscal first-half per-share earnings fell 5.1 percent because of dilution from stock-funded purchases and the sale of seven properties. The shares rose 0.5 percent to 45.74 euros.
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