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French Stocks: Areva, Legrand, Carrefour, Veolia Environment

France’s CAC 40 Index slid 1 percent to 4,020.21 at the 5:30 p.m. in Paris, for a weekly decline of 1.2 percent. The SBF 120 Index retreated 0.9 percent today.

The following shares rose or fell in Paris. Stock symbols are in parentheses.

Areva SA (AREVA) jumped 5 percent to 35.23 euros after the biggest supplier of nuclear fuel and services’ Chief Executive Officer Anne Lauvergeon said the company doesn’t need to raise extra funds following last year’s capital increase. Areva also scrapped its dividend payout for 2010 and reported full-year profit that missed estimates because of charges.

BioAlliance Pharma SA (BIO) surged 3.2 percent to 6.19 euros, the highest price since October. The pharmaceutical company said net income last year was 2.81 million euros ($3.9 million), compared with a loss of 15.4 million euros a year earlier.

Carrefour SA (CA) slid 4.4 percent to 32.26 euros, the lowest price since Jan. 20. The world’s second-largest retailer was downgraded to “sell” from “hold” at Citigroup Inc., which cited the “gloomy post financial year 2010 results outlook and the value-destructive spinoffs announced.”

Morgan Stanley cut the shares to “equal weight” from “overweight.”

Legrand SA (LR) retreated 5.3 percent to 28.70 euros, the largest drop since 2009. KKR & Co. and Wendel sold a combined 15 percent stake in the world’s largest maker of electrical switches.

Robertet SA (RBT) surged 3.3 percent to 119.31 euros, the highest price in more than three years. The maker of liquid flavorings, perfumes and aromatic ingredients said profit last year rose to about 23 million euros from 14 million euros in 2009.

Veolia Environnement SA (VIE) lost 3.7 percent to 22.15 euros as the utility said 2010 net profit fell to 581.1 million euros from a restated 584.1 million euros in 2009. The company pledged to sell 4 billion euros of assets over three years after posting the unexpected drop in full-year profit.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net

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

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