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Akzo Nobel, Corio, Retail Estates, TNT: 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 gained 1.2, or 0.3 percent, to 374.19 in Amsterdam. Belgium’s Bel20 Index declined 0.6 percent to 2,755.03. Luxembourg’s LuxX Index fell 1 percent to 1,517.96.

Dutch stocks:

Akzo Nobel NV (AKZA NA): The world’s biggest maker of paints was cut to “neutral” from “overweight” at HSBC Holdings Plc. Akzo Nobel rose 0.1 percent to 50.21 euros.

Corio NV (CORA NA): The biggest Dutch property investor was cut to “neutral” from “buy” at UBS AG. Corio rose 0.1 percent to 49.10 euros.

Imtech NV (IM NA): The largest Dutch technical services company said it won orders with of a value of 35 million euros ($47.9 million) in London. Imtech rose 0.5 percent to 26.26 euros.

Ordina NV (ORDI NA): The Dutch computer-services company said it probably had a full-year loss of 7 million euros. The company plans to sell 266,439 new ordinary shares, with a value of about 0.9 million euros, as part of an underwriting agreement on a subordinated loan. Ordina declined 1.4 percent to 3.58 euros.

Royal Dutch Shell Plc (RDSA NA): Europe’s biggest oil company will sell its retail fuels business in 14 African countries for $1 billion as part of a plan to streamline its marketing operation worldwide. The shares rose 0.6 percent to 26.01 euros.

SNS Reaal NV (SR NA): The Dutch bank and insurer that is winding down property finance-loans to restore profits was raised to “buy” from “hold” at Royal Bank of Scotland Group Plc. SNS added 0.6 percent to 3.60 euros.

TomTom NV (TOM2 NA): Europe’s biggest maker of portable navigation devices was cut to “neutral” from “buy” at UBS AG. TomTom tumbled 11 percent to 6.47out euros.

TNT NV (TNT NA): The Dutch postal company that is spinning off its express delivery unit reported fourth-quarter underlying operating profit of 184 million euros. The express unit’s results were reported under discontinued operations because of the planned break-up. TNT dropped 0.8 percent to 20.455 euros.

Unilever NV (UNA NA): The three biggest shareholders in the consumer-goods maker’s Amsterdam-listed holding company are willing to sell their cumulative preference shares back to the company “at a good price,” according to Dutch investors association VEB. The shares gained 0.4 percent to 21.93 euros.

Belgian Stocks:

Retail Estates NV (RET BB): Belgium’s biggest owner of out- of-town stores said earnings before property valuation gains or losses and changes in the value of interest-rate derivatives rose to 2.48 euros a share in the nine months through December from 2.46 euros a year earlier. Retail Estates was unchanged at 48 euros.

To contact the reporters on this story: John Buckley in Amsterdam at johnbuckley@bloomberg.net; Maud van Gaal in Amsterdam at mvangaal@bloomberg.net.

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net; Frank Connelly at fconnelly@bloomberg.net.

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