Air France-KLM, EDF, LVMH, Sanofi-Aventis: French Equity Preview
Stock Chart for Electricite de France (EDF)
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 rose 42.41, or 1.1 percent, to 3,927.49 yesterday. The SBF 120 Index also gained 1.1 percent.
Air France-KLM Group (AF FP): Malaysian Airline System Bhd. and Air France’s Dutch KLM unit signed a preliminary agreement for closer cooperation, according to a company statement. The shares advanced 1.8 percent to 13.89 euros.
Casino Guichard-Perrachon SA (CO FP): The city of Paris has complained to France’s competition regulator about Casino’s position in retailing in the French capital, daily Les Echos reported, citing Lyne Cohen-Solal, the city official in charge of commerce. The shares gained 1.5 percent to 74.51 euros.
Cegid Group (CGD FP): The accounting-software designer announced the acquisition of Visa Informatique and Axeteam and the renewal of a 200 million-euro ($263 million) syndicated loan facility from eight banks. The shares fell 0.4 percent to 21.90 euros.
Cottin Freres (COTT FP): The Burgundy wine producer agreed to sell a seven-hectare vineyard at Meursault for 12.3 million euros. The shares rose 3.1 percent to 5 euros.
Electricite de France SA (EDF FP): The French utility’s Chief Executive Officer, Henri Proglio, said he won’t negotiate on his demand that rivals be obliged to pay 42 euros per megawatt-hour for the right to sell the company’s power, daily La Tribune reported. Competitor GDF Suez SA is only willing to pay 35 euros, and the government must decide on the dispute by the end of the first quarter, La Tribune said. The shares added 0.1 percent to 31.86 euros.
Ingenico SA (ING FP): The maker of electronic payment terminals said it isn’t currently involved in any talks over its shareholding structure and hasn’t received a binding takeover offer. The shares increased 5.5 percent to 27.49 euros.
LVMH Moet Hennessy Louis Vuitton SA (MC FP): The world’s largest luxury-goods manufacturer raised its stake in Hermes International SCA to more than 20 percent. LVMH shares rose 1.7 percent to 125.45 euros.
Sanofi-Aventis SA (SAN FP): Genzyme Corp. reiterated its rejection of the French pharmaceutical company’s $69-per-share takeover offer. The shares gained 0.7 percent to 49.22 euros.
Veolia Environnement SA (VIE FP): The world’s biggest water utility has won a contract to operate trains in Bavaria worth more than 1 billion euros over a 12-year period, beating competition from the incumbent Deutsche Bahn AG, La Tribune reported, without saying where it got the information. The shares added 1.3 percent to 22.38 euros.
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