Ascencio, CSM, D’Ieteren, Vision IT: Benelux Equity Preview
The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses, and prices are from the previous close.
The AEX-Index in Amsterdam advanced 6.36, or 1.8 percent, to 367.11. Belgium’s Bel20 Index added 45.03, or 1.7 percent, to 2,683.73. Luxembourg’s LuxX Index rose 1.3 percent to 1,476.92.
CSM NV CSM NA): The world’s biggest maker of bakery ingredients agreed to buy Classic Cakes Ltd. with annual sales of 11.4 million euros ($15.8 million) in the U.K. CMS increased 1.6 percent to 24.36 euros.
Ascencio SCA (ASC BB): The commercial real-estate investment fund set up by the Mestdagh family agreed to buy a construction project near Avignon, France, for 6 million euros and forecast an initial gross rental yield of 7 percent. The development will be completed in the first quarter of 2012, the company said. Ascencio was unchanged at 42.90 euros.
D’Ieteren SA (DIE BB): Belgium’s biggest automobile dealer’s share of new-car registrations in the country widened to 20.1 percent in January from 18.7 percent a year earlier. Total resistrations in the market increased 7.8 percent, according to figures released by trade group Febiac. D’Ieteren climbed 2.6 percent to 44.98 euros.
Vision IT Group SA (VIT BB): The consulting company that set a revenue goal of at least 150 million euros by 2012 said its German unit bought 48 percent of SPS Consulting & Services GmbH and is in talks to buy the remaining shares. SPS had revenue of more than 5 million euros last year, according to the statement. Vision IT dropped 0.2 percent to 6.17 euros.