VastNed O/I, Euronav, Wereldhave: 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.

The Netherlands’ AEX-Index gained 0.83, or 0.2 percent, to 350.21. Belgium’s Bel20 Index rose 0.1 percent to 2,628.

Dutch stocks:

Royal Dutch Shell Plc (RDSA NA): Europe’s biggest oil company reached a target of raising $8 billion from asset sales a year early, the Financial Times reported. The company announced on Dec. 10 an agreement to sell oil and natural-gas fields in Texas and North Dakota to Occidental Petroleum Corp. for $3.2 billion. Shell rose 0.9 percent to 24.47 euros.

VastNed Offices/Industrial NV (VNOI NA): The property investment company said it will enter into talks about a possible merger with Nieuwe Steen Investments NV (NISTI NA). Nieuwe Steen proposed a share exchange ratio, which values VastNed O/I at 13.33 euros a share. That includes 61 cents a share of undistributed direct result for the first nine months.

VastNed O/I was unchanged at 11.60 euros. Nieuwe Steen fell 0.1 percent to 14.97 euros.

Wereldhave NV (WHA NA): The Dutch property investor agreed to buy the Dolphin Shopping Centre in the U.K. for about 101 million euros. Wereldhave fell 0.2 percent to 71.82 euros.

Belgian stocks:

Euronav NV (EURN BB): The oil-tanker owner and Overseas Shipholding Group Inc. are looking for additional contracts to convert their remaining largest supertankers into floating storage and offloading vessels, De Tijd reported on its website, citing an interview with Euronav Chairman Marc Saverys and Chief Executive Officer Patrick Rodgers. Euronav shares rose 0.3 percent to 12.60 euros.

To contact the reporters on this story: John Buckley in Amsterdam at johnbuckley@bloomberg.net; Andrew Clapham in Brussels at aclapham@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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