Areva, Eni, Fiat, PPR, Rexel, RWE, SEB: European Equity Preview
The following companies’ shares may have unusual moves in European trading on Dec. 6. Stock symbols are in parentheses, and prices are from the previous close.
The Stoxx Europe 600 Index fell 0.3 percent to 270.94. The Stoxx 50 Index slipped 0.4 percent to 2,553.80. The Euro Stoxx 50 Index, a benchmark for nations using the euro, gained less than 0.1 percent to 2,782.39.
Areva SA (CEI FP): France is close to finalizing talks to sell a stake in the nuclear-reactor maker to the Kuwait Investment Authority, Le Journal du Dimanche said, without saying where it got the information. Areva shares rose 2.1 percent to 336.80 euros.
Aryzta AG (ARYN SW): The Swiss supplier of bakery products to supermarkets and restaurants expects a return to organic growth starting in 2011-2012, Finanz und Wirtschaft said, citing an interview with Chief Executive Officer Owen Killian. The shares declined 0.4 percent to 43 Swiss francs.
Banco Santander SA (SAN SM): Spain’s largest bank will reimburse investors in its Santander Banif Inmobiliario FII fund and if all the fund’s investors decide to withdraw, the operation will cost the bank between 2.35 billion euros ($3.14 billion) and 2.45 billion euros, Expansion reported. Santander shares added 12 cents, or 1.4 percent, to 8.34 euros.
Continental AG (CON GY): Winter tires in Germany are almost sold out as new legislation makes the tires mandatory from this weekend, Die Welt said, citing Peter Huelzer of the BRV tire trade association. Continental shares rose 3 percent to 65.49 euros.
De La Rue Plc (DLAR LN): The world’s biggest printer of banknotes, received and rejected a takeover bid from France’s Oberthur Technologies SA, Sky News reported today, without saying where it got the information. The shares rose 0.9 percent to 647.5 pence.
Eni SpA (ENI IM): Italy’s biggest oil company has reached a key production target at its Zubair oil field in Iraq, the company said in a statement. Eni shares fell 0.3 percent to 15.75 euros.
Fiat SpA (F IM): Unions may be willing to restart talks on a production plan for the Italian carmaker’s Mirafiori plant after the negotiations broke down on Dec. 3, Raffaele Bonanni, head of the CISL union, told Corriere della Sera in an interview. The shares rose 1.2 percent to 13.64 euros.
Lottomatica SpA (LTO IM): The lottery company has dropped plans to sell 300 million euros ($402 million) of bonds before the end of the year, Corriere della Sera said, without saying where it got the information. The shares fell 1 percent to 9.56 euros.
Millicom International Cellular SA (MIC SS): The emerging markets mobile-phone operator said its Tanzania unit will receive at least $80 million after it sold 1,020 towers to Helios Towers Africa and will form a partnership with the company. The shares lost 2.7 percent to 606 kronor.
Pescanova SA (PVA SM): Caixa de Aforros de Galicia, Vigo, Ourense e Pontevedra, the savings bank group created from the merger of Caixa Galicia and Caixanova, plans to trim its stake in Pescanova by March 1 after the combined holding in the fish processor slightly exceeded 30 percent. Pescanova shares rose 19 cents, or 0.8 percent, to 24.29 euros.
PPR SA (PP FP): The French owner of the Bottega Veneta luxury brand hired banks to arrange a 2.5 billion euros credit line, according to two people familiar with the matter. The shares dropped 1.3 percent to 125.85 euros.
Rexel SA (RXL FP): The world’s largest distributor of electrical equipment expects to spend between 300 million euros and 400 million euros a year on takeovers to 2013, Investir said, citing an interview with Chief Executive Officer Jean- Charles Pauze. The shares gained 1.3 percent to 16.15 euros.
Rio Tinto Plc (RIO LN): The world’s third-largest mining company is in talks to buy Riversdale Mining Ltd. for about A$15 a share, the U.K. Daily Telegraph reported. Any deal to buy Australia-listed Riversdale, which has coal-mining projects in Africa, isn’t certain to be completed, the newspaper said, citing people familiar with the matter. The shares rose less than 0.1 percent to 4,416 pence.
RWE AG (RWE GY): Germany’s second-biggest utility agreed to sell its natural-gas network in the country to funds managed by a unit of Macquarie Group Ltd. The shares slid 0.3 percent to 48.56 euros.
SEB AB (SEBA SS): Sweden’s third-largest bank by market value plans to add as many as 200 new business clients to its existing 250 in Germany, Frankfurter Allgemeine Zeitung said, citing an interview with Chief Executive Officer Annika Falkengren. The stock advanced 0.9 percent to 54.25 kronor.
UniCredit SpA (UCG IM): Italy’s biggest bank has identified three executives for senior management positions left vacant in a reshuffle after the resignation of Chief Executive Officer Alessandro Profumo in September, Il Messaggero said, without saying where it got the information. The shares rose 2.6 percent to 1.70 euros.
Volkswagen (VOW GY): The carmaker will create 50,000 jobs globally by 2015 as it expands sales to 10 million vehicles a year from the current 7 million, Handelsblatt said, citing Horst Neumann, responsible for personnel on VW’s management board. The shares rose 3.8 percent to 135.15 euros.
Vueling Airlines SA (VLG DM): The Spanish low-cost carrier has been granted 7,000 landing and take-off slots at Amsterdam’s Schiphol airport, the ANP news agency said, without saying where it got the information. Vueling shares slipped 1 cent, or 0.1 percent, to 9.35 euros.
Wendel (MF FP): The publicly traded French private-equity firm aims to make a new investment of 50 million euros to 300 million euros, and is looking at “numerous files” for possible targets, Le Journal des Finances said, citing an interview with Chief Executive Officer Frederic Lemoine. The shares slipped less than 0.1 percent to 67.05 euros.
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