Accentis, Dexia, D’Ieteren, TNT: Benelux Equity Market Preview
The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses, and prices are from the previous close.
TNT NV (TNT NA): Europe’s second-biggest express-delivery company is scheduled to host an investor day in London. TNT climbed 2.5 percent to 18.85 euros.
Accentis NV (ACCB BB): The owner of part of Punch International NV’s former real estate starts raising as much as 20.5 million euros ($26.9 million) selling shares at 2 cents apiece in a 2-for-1 rights offering. Accentis fell 33 percent to 2 cents before the subscription rights were detached from the shares.
Dexia SA (DEXB BB): Belgium’s biggest bank by assets was among the largest users of a U.S. government program to provide emergency short-term funding to companies during the credit crisis. Dexia’s former U.S. subsidiary tapped the Commercial Paper Funding Facility for $53.5 billion, according to data from the Federal Reserve. Dexia gained 2.2 percent to 2.89 euros.
D’Ieteren SA (DIE BB): Belgium’s biggest automobile dealer got 20.1 percent of November new-car registrations, which increased 15 percent to 40,537, according to Febiac figures. The trade group forecast Belgian registrations will climb to about 538,000 this year, surpassing the previous record of 535,947 set in 2008. D’Ieteren gained 2 percent to 414.90 euros.