Ebro, Heineken, Novartis, Shell, UBS: Europe Equity Preview

The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index slumped 0.9 percent to 280.45. The Stoxx 50 Index dropped 0.9 percent to 2,656.79. The Euro Stoxx 50 Index, a benchmark for nations using the euro, fell 1.2 percent to 2,954.13.

AS Roma SpA (ASR IM), UniCredit SpA (UCG IM): The Angelucci family may make a “competitive offer” for the Italian soccer club, Ansa said, without saying where it got the information. The bid by the Rome-based family may rival a possible joint offer by UniCredit, the club’s co-owner, and a group of U.S. investors led by Boston International Group Inc. President Thomas DiBenedetto, Ansa said. UniCredit dropped 1.1 percent to 1.83 euros. AS Roma fell 0.2 percent to 1.19 euros.

Banco Bilbao Vizcaya Argentaria SA (BBVA SM): Venezuela’s President Hugo Chavez said he doesn’t plan to nationalize the local unit of Spain’s second-largest bank after threatening to do so on Jan. 26. The shares dropped 2.1 percent to 8.894 euros.

BayWa AG (BYW GY): The German farm products and building- materials company plans to sell non-operating real estate to raise money for an expansion of the company, Chief Financial Officer Andreas Helber told Germany’s Boersen-Zeitung. The shares dropped 0.5 percent to 31.26 euros.

BP Plc (BP/ LN): Europe’s second-largest oil company is set to disclose its first annual loss in almost 20 years owing to costs associated with the Macondo well oil spill, the Sunday Times reported, without saying where it got the information. The shares rose 0.1 percent to 486.80 pence.

Caledon Resources Plc (CDN LN): The producer of coking coal in Australia said raw coal production from its Cook mine rose to 170,000 metric tons last quarter from 161,000 tons a year earlier. The shares were unchanged at 102 pence.

Carrefour SA (CA FP): Chinese regulators fined the French retailer for misleading pricing in three Chinese stores, Xinhua News Agency said. Carrefour said in an e-mailed statement there had been “price-tag problems in a few stores” and apologized to its Chinese customers. The shares rose 7 cents, or 0.2 percent, to 33.98 euros.

Costain Group Plc (COST LN): Chief Executive Officer Andrew Wyllie said the U.K. builder’s takeover bid for rival Mouchel Group Plc “isn’t hostile,” the Sunday Times reported, citing an interview. While Costain hasn’t received a response to its approaches so far and there haven’t been any talks between the two companies, if the Mouchel bid fails, Costain will pursue other acquisition targets, Wyllie told the Times. The shares dropped 0.1 percent to 218.75 pence.

Deutsche Bank AG (DBK GY): Chief Executive Officer Josef Ackermann won’t renew his contract when it expires in 2013, Germany’s Focus magazine reported, citing an interview with the CEO. The shares rose 0.1 percent to 43.63 euros.

Ebro Foods SA (EBRO SM): SEPI, Spain’s state-owned holding company, plans to seek authorization to sell as much as 8.65 percent of the food company. The shares gained 0.2 percent to 15.545 euros.

Fluxys SA (FLUX BB): Caisse de Depot & Placement du Quebec agreed to buy a 10 percent stake in Fluxys G, the largest shareholder of Belgium’s natural-gas grid manager. Fluxys fell 0.2 percent to 2,350 euros.

Heineken NV (HEIA NA): The Dutch brewer said it stopped operations at its businesses in Egypt until further notice following unrest in the North African country. Heineken dropped 0.6 percent to 36.76 euros.

Macintosh Retail Group NV (MACIN NA): The owner of the Dolcis and Manfield shoe stores agreed to buy U.K. shoe retailer Jones Bootmaker. The purchase will be financed with loan capital and is expected to contribute to company’s net profit this year. The shares fell 1.3 percent to 18.40 euros.

Mitchells & Butlers Plc (MAB LN): The U.K. owner of Harvester and All Bar One pubs and restaurants plans to say in the next two weeks that it will sell 55 outlets in London and Southeast England as it seeks to unload non-core assets, the Sunday Times said, without saying where it got the information. The shares fell 3 percent to 346.4 pence.

Novartis AG (NOVN VX): The Swiss drugmaker aims to cut costs by another $1 billion in the pharmaceuticals division this year, head of the business David Epstein told Finanz und Wirtschaft.

Separately, Novartis is in talks about a strategic partnership with Skolkovo, Russian President Dmitry Medvedev’s project to create an innovation hub near Moscow, project head Viktor Vekselberg told SonntagsZeitung. The shares fell 0.7 percent to 52.8 francs.

Royal Dutch Shell Plc (RDSA NA): Europe’s biggest oil and gas company has submitted the first offshore oil exploration plan that responds to U.S. safety and environmental requirements imposed after BP Plc’s oil spill last year, the Interior Department said. Shell declined 0.3 percent to 25.64 euros.

Sanofi-Aventis SA (SAN FP): The drugmaker lost a court ruling in an action alleging patent infringement by a generic version of its Allegra allergy medicine manufactured by Dr. Reddy’s Laboratories Ltd. The shares fell 1.96 euros, or 3.8 percent, to 49.22 euros.

UBS AG (UBSN VX): Switzerland’s biggest bank’s midterm pretax profit target of 15 billion Swiss francs ($15.9 billion) is “feasible” under normal market conditions and current strategy, Chairman Kaspar Villiger told Neue Zuercher Zeitung. The shares rose 0.1 percent to 17.27 francs.

Unipapel SA (UPL SM): The Madrid-based distributor of office products plans acquisitions in the countries in which it already operates, Expansion reported, citing an interview with Chief Executive Officer Millan Alvarez-Miranda. The shares increased 0.1 percent to 11.50 euros.

To contact the reporters on this story: Jennifer A. Johnson in New York at Jjohnson156@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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