Arcadis, ING, Unilever, Quest for Growth: 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.
Arcadis NV (ARCAD) : The biggest Dutch designer of bridges and dykes posted 2010 profit from operations of 78.4 million euros ($109 million). The shares fell 10 cents, or 0.6 percent, to 17.13 euros.
ArcelorMittal (MT) SA: The world’s largest steelmaker has 34 percent upside potential, JPMorgan Chase & Co. said. The shares fell 38 cents, or 1.4 percent, to 26.16 euros.
Brunel International NV (BRNL) : The Dutch staffing company was raised to “buy” from “neutral” at Natixis. The shares rose 1.63 euros, or 5.6 percent, to 30.80 euros.
ING Groep NV (INGA) : The biggest Dutch financial- services company plans to repay 2 billion euros ($2.8 billion) of state aid in May at a 50 percent premium. The shares rose 7.8 cents, or 0.9 percent, to 8.88 euros.
Unilever NV (UNA) : Unilever’s forced sale of the Sanex brand is drawing bids and interest from rivals including Procter & Gamble Co., Henkel AG and Colgate-Palmolive Co. (CL), people briefed on the discussions said. The shares fell 7 cents, or 0.3 percent, to 21.72 euros.
Royal Vopak NV (VPK NA): The world largest chemical and oil storage company included the Industrial and Commercial Bank of China as a mandated lead arranger under its five-year 1.2 billion-euro revolving credit facility, the company said in a statement. The shares increased 5.5 cents, or 0.2 percent, to 35.07 euros.
Quest for Growth (QFG) NV: The closed-end venture- capital fund said its net asset value rose to 9.01 euros a share on Feb. 28 from 8.95 euros at the end of January. Quest for Growth was unchanged at 5.96 euros.
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