Danske, SEB, Ericsson, Statoil: Nordic Equity Preview
The following companies may have unusual price changes in Nordic trading. Stock symbols are in parentheses and share prices are from the previous close.
The OMX Stockholm 30 Index gained 0.4 percent, and Norway’s OBX Index rose less than 0.1 percent. The Helsinki 25 Index decreased 0.2 percent and Denmark’s Copenhagen 20 Index fell 0.7 percent. The Finnish market is closed today because of holiday.
Danske Bank A/S (DANSKE DC): Peter Straarup, chief executive officer of Denmark’s largest lender, will speak at the annual meeting of the Danish Bankers Association. The shares declined 1 percent to 150.2 kroner.
Ericsson AB (ERICB SS): The world’s biggest maker of mobile-phone networks said Michael Treschow plans to resign as chairman of the company’s board in 2011 or 2012. The shares climbed 1.4 percent to 74.65 kronor.
Fabege AB (FABG SS): The Swedish real estate company said it sold 16 properties to Profi Fastigheter II AB for 1.35 billion kronor ($198 million). The shares rose 3.1 percent to 70.45 kronor.
FLSmidth & Co. A/S (FLS DC): The world’s largest maker of cement kilns made an offer for the acquisition of ESSA Australia Limited that was worth 170 million kroner ($30.4 million). The shares climbed 1 percent to 516.5 kroner.
H. Lundbeck A/S (LUN DC): The Nordic region’s second- largest drug company said it has presented “positive” data in the final-phase study on its clobazam experimental medicine for treating seizures associated with Lennox-Gastaut syndrome. Lundbeck will submit an application for the drug to U.S. health authorities by the end of this year. The stock fell 1.8 percent to 102.1 kroner.
JM AB (JM SS): The Swedish builder was rated a new “buy” at UBS AG. The shares climbed 0.2 percent to 145.25 kronor.
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.
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.
Statoil ASA (STL NO): Norway’s biggest energy company briefly evacuated staff at its North Sea Gullfaks B platform after sensors detected a gas leak, Aftenbladet reported. Separately, Norway’s government has postponed a health review of Statoil’s Mongstad facility for capturing and storing carbon dioxide, Dagens Naeringsliv said. Statoil shares rose 0.8 percent to 129 kroner.
To contact the editor responsible for this story: David Merritt at email@example.com.