The following is a list of companies whose stocks may have unusual changes in Paris. Symbols are in parentheses after company names and prices are from the last close.
France’s CAC 40 Index fell 22.68, or 0.6 percent, to 3,880.19 yesterday. The SBF 120 Index slid 0.5 percent.
Air France-KLM Group (AF FP): The airline plans to appeal the damages payment awarded by a French court against Continental Airlines Inc. over the Concorde crash outside Paris 10 years ago, Le Figaro reported, citing an unidentified person close to the matter. The shares fell 2.7 percent to 14 euros.
Electricite de France SA (EDF FP): The utility will hold exclusive talks to buy the Polish government’s 51 percent stake in Poland’s third-largest utility Enea SA, that country’s Treasury Ministry said on its website late yesterday. Separately, EDF clients Carrefour SA and Paris metro operator RATP have chosen new energy suppliers, Le Figaro reported, without citing anyone. The shares slid 0.1 percent to 31.59 euros.
Eramet SA (ERA FP): Areva SA said it has renewed its shareholders accord with Sorame-Ceir regarding mining company Eramet for a further six months starting Jan. 1. The shares fell 0.2 percent to 257.25 euros.
Euler Hermes SA (ELE FP): The credit insurer owned by Germany’s Allianz SE expects corporate insolvencies to decline 5 percent in 2011 after a 4 percent fall in 2010. The shares rose 4.6 percent to 70.65 euros.
LVL Medical Groupe SA (LVL FP): The medical-equipment company said full-year net income rose to 11.5 million euros ($15.2 million) from 9.95 million euros. The shares slipped 0.1 percent to 15.95 euros.
Groupe Partouche SA (PARP FP): The gaming company’s full- year revenue rose to 478.1 million euros from 453 million euros. The shares rose 0.5 percent to 1.94 euros.
PPR SA (PP FP): The company is studying U.S. luggage group Tumi as a potential acquisition to expand its luxury goods business, French weekly magazine Challenges reported, without saying where it got the information. The shares slid 0.9 percent to 126 euros.
Stallergenes SA (GENP FP): The pharmaceutical company said Ares Life Sciences’ 59 euros a share offer is in the interests of the company, its shareholders and employees. Even so, the directors said that the price “may not fully reflect the long- term growth potential of the Stallergenes share” and decided not to tender the company’s treasury shares to the offer. The shares fell 0.1 percent to 59.91 euros.
Thales SA (HO FP): The aerospace and electronics company’s Chief Executive Officer, Luc Vigneron, told French daily La Tribune in an interview that its recovery in margins will be very gradual, including in 2011. Vigneron told the newspaper that he’s confident Thales can raise revenue to 20 billion euros in 10 years. The shares lost 0.3 percent to 27.86 euros.
Vinci SA (DG FP): The French road builder is Credit Suisse AG’s “top infrastructure pick” for 2011. The shares rose 0.1 percent to 40.43 euros.
Zodiac Aerospace (ZC FP): Europe’s biggest maker of aircraft seats said first-quarter revenue rose to 643.6 million euros from 471.5 million euros a year earlier. The shares gained 0.3 percent to 53.64 euros.
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