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Benelux Stocks: Brunel, Nationale a Portefeuille, SBM Offshore

The Netherlands’ AEX-Index (AEX) rose 0.35, or 0.1 percent, to 367.95 in Amsterdam, extending the week’s gain to 0.3 percent. Belgium’s Bel20 Index (BEL20) added 0.4 percent to 2,701.5.

The following were among the most active stocks in Benelux markets today. Symbols are in parentheses.

Dutch stocks:

Brunel International NV (BRNL) surged 5.6 percent to 30.80 euros, the biggest increase in two months. The Dutch staffing company said fourth-quarter earnings before interest and taxes rose to 13.1 million euros ($18.3 million) from 10.1 million euros in the year-earlier period.

SBM Offshore NV (SBMO) rose the most since last May, jumping 6.3 percent 19.49 euros. The world’s largest supplier of floating oil rigs reported full-year net income of $240 million, exceeding the average estimate of $219 million of 13 analysts surveyed by Bloomberg.

Belgian stocks:

Cie. Nationale a Portefeuille SA (NAT BB) surged 19 percent to 48.15 euros, the biggest gain since at least 1990 and the largest increase on the benchmark Stoxx Europe 600 Index. Belgian billionaire Albert Frere and BNP Paribas SA offered 1.5 billion euros to buy out minority shareholders in Frere’s main publicly traded investment firm. The offer price is less than Nationale a Portefeuille’s adjusted net asset value of 51.90 euros a share on Feb. 24.

Groupe Bruxelles Lambert SA (GBLB) rose 2.6 percent to 67.51 euros, the largest gain in a month. The Belgian investment firm jointly controlled by billionaires Albert Frere and Paul Desmarais raised its dividend by 5 percent to 2.54 euros a share. GBL also said it increased its holding in Arkema SA to 5.9 percent as of Feb. 25.

KBC Groep NV (KBC) gained 2.7 percent to 29.38 euros, the first climb this week. Belgium’s largest bank and insurer by market value agreed to sell its Centea retail-banking unit in Belgium to Credit Agricole SA for 527 million euros.

To contact the reporter on this story: Jurjen van de Pol in Amsterdam at jvandepol@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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