Cybergun, Fiat, Indesit, Pernod, Shell: European Equity Preview
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses, and prices are from the previous close.
The Stoxx Europe 600 Index rose 0.1 percent to 281.45. The Stoxx 50 Index increased 0.1 percent to 2,649.66. The Euro Stoxx 50 Index, a benchmark for nations using the euro, fell 0.3 percent to 2,869.63.
Banco Espanol de Credito SA (BTO SM): The lender said in a regulatory filing it will pay a 2010 dividend of 8 euro cents a share on Feb. 1. The shares rose 0.8 percent to 6.48 euros.
Cybergun (CYB FP): The French maker of plastic guns said it plans to buy New York-based Interactive Game Group for close to 17 million euros ($22 million). The companies have signed a non- binding letter of intent, Cybergun said. The shares fell 0.7 percent to 11.80 euros.
Fiat SpA (F IM): The carmaker is scheduled to hold a labor union meeting for the Mirafiori plant. The stock climbed 1.3 percent to 15.31 euros.
Fondiaria-SAI SpA (FSA IM): Italy’s second-biggest insurer said it will book a 31 million-euro ($41 million) capital gain from the sale of Agrisai Srl. The stock rose 1.9 percent to 6.39 euros.
Indesit Co. SpA (IND IM): UniCredit SpA cut its price estimate on shares of the maker of cookers and refrigerators to 10 euros from 11.3 euros. The shares climbed 2.7 percent to 8.48 euros.
Intesa Sanpaolo SpA (ISP IM), Assicurazioni Generali SpA (G IM): Italy’s antitrust authority said on its website that Intesa Sanpaolo’s measures taken in the life-insurance business to meet antitrust rules are “adequate.” Intesa lost 0.9 percent to 2.15 euros. Generali, Italy’s biggest insurer, fell 0.9 percent to 14.8 euros.
Mobistar SA (MOBB BB): Belgium’s second-biggest mobile- phone operator raised its full-year profit forecast by 14 million euros ($18 million). The company also obtained a 450 million-euro credit facility for five years, replacing the credit line expiring on Dec. 31 and paying interest of 65 basis points above the three-month euro interbank offered rate. Mobistar dropped 1.4 percent to 47.70 euros.
Pernod Ricard SA (RI FP): The liquor company said it completed the sale of Lindauer and “several other New Zealand wine brands” to a group of buyers made up by Lion Nathan New Zealand and Indevin for 89 million New Zealand dollars ($66 million) paid in cash. The stock added 0.2 percent to 71.30 euros.
Premafin Finanziaria SpA (PF IM) Premafin HP SpA said creditors agreed to reschedule 322.5 million euros of debt. The company also said that Keefe, Bruyette & Woods, Royal Bank of Scotland, Banca Akros SpA, Banca Popolare di Milano and Equita SIM SpA joined Credit Suisse Group as managers of a planned share sale. The stock gained 1.3 percent to 79 euro cents.
Royal Dutch Shell Plc (RDSA NA): Europe’s biggest oil company paid $10 million in fines to the Nigerian government over alleged bribes paid on its behalf by Panalpina Welttransport Holding AG to Nigerian customs officials, Justice Minister Mohammed Adoke said. Shell increased 0.5 percent to 24.89 euros.
Safilo Group SpA (SFL IM): The world’s second-largest maker of eyeglass frames renewed a licensing agreement with Yves Saint Laurent until December 2015. The stock added 2.2 percent to 13.63 euros.
To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net;
To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net
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