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French Stocks: Hermes, Air France, Cegid Rise As Ingenico Falls

France’s CAC 40 Index fell 0.2 percent to 3,919.71 at the 5:30 p.m. close of trading in Paris. The SBF 120 Index lost 0.1 percent to 2,941.78.

The following shares declined or advanced on the French equity market today.

Air France-KLM (AF FP), Europe’s second-biggest airline by sales, climbed 1.2 percent to 14.05 euros. The airline Malaysian Airline System Bhd. and Air France-KLM’s Dutch unit signed a preliminary agreement for closer cooperation, according to a company statement.

Cegid Group (CGD FP), an accounting-software designer, advanced 2.7 percent to 22.50 euros. Cegid announced the acquisition of Visa Informatique and Axeteam and the renewal of a 200 million-euro ($263 million) syndicated loan facility from eight banks.

Cottin Freres (COTT FP), a Burgundy wine producer, soared 52 percent to 7.62 euros, the largest gain since it first sold shares in 1999. The company said it agreed to sell a seven- hectare vineyard at Meursault for 12.3 million euros.

Hermes International SCA (RMS FP), the luxury goods seller, surged 2.3 percent to 160.30 euros, extending yesterday’s advance, after larger rival LVMH Moet Hennessy Louis Vuitton SA (MC FP) increased its stake in the company to more than 20 percent. Two weeks ago, Hermes family shareholders vowed to strengthen their takeover defense. LVMH gained 1.8 percent to 127.70 euros.

Ingenico SA (ING FP), the maker of electronic payment terminals, dropped 4 percent to 26.39 euros after saying it isn’t currently involved in any talks over its shareholding structure and it hasn’t received a binding takeover offer.

Rubis SA (RUI FP) fell 2.2 percent to 86.04 euros after raising 127 million euros in a rights offer, the distributor of liquefied petroleum gas said in a statement.

To contact the reporter on this story: Giles Broom in Zurich at gbroom@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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