EDF, Legrand, Peugeot, Sanofi, Wendel: French Equity Preview

The following is a list of companies whose stocks may have unusual price changes in Paris. Symbols are in parentheses after company names and prices are from the last close.

April futures on France’s CAC 40 Index slid 0.4 percent to 3,881 at 8:37 a.m. in Paris. The CAC 40 fell 0.3 percent to 3,892.71 yesterday, while the broader SBF 120 Index also retreated 0.3 percent.

Belvedere SA (BVD) : Chief Executive Officer Jacques Rouvroy and his deputy lost a legal bid to recover shares in the vodka-maker seized by London hedge funds last June. The stock rose 0.4 percent to 62.25 euros.

Beneteau SA (BEN) : The maker of sailboats and powerboats issued a target for full-year sales of 920 million euros ($1.3 billion). The stock lost 1.7 percent to 14.54 euros.

Electricite de France SA (EDF FP): The company has asked the government to permit price increases for households of 5.1 percent to 6.5 percent a year, French daily Les Echos reported, citing documents that the company presented to the government. The stock slipped 1.4 percent to 28.47 euros.

Evolis (ALTVO) : The manufacturer of plastic card printing devices said it would pay a dividend of 27 euro cents per share after posting a 5.5 million-euro profit in 2010. The stock declined 1.8 percent to 15.81 euros.

Lanson-BCC (LAN) : The champagne distributor reported 2010 net income of 19.2 million euros, compared with 16.1 million euros in 2009. The stock rose 2.8 percent to 54.99 euros.

Legrand SA (LR) : Wendel and Kohlberg Kravis Roberts & Co. signed a new five-year accord governing their combined 21.3 percent shareholding in electrical equipment maker Legrand. The stock added 0.4 percent to 28.36 euros.

Meetic (MEET) : The online-dating service company said 2010 profit rose to 24.2 million euros from 19.7 million euros in 2009. The stock slid 0.1 percent to 16.21 euros.

PSA Peugeot Citroen SA (UG FP): The carmaker plans to cut output by as much as 60 percent at some factories in France, Spain and Slovakia due to a shortage of parts from Japan, starting today , La Tribune reported, citing the company. The stock retreated 2.7 percent to 26.55 euros.

Sanofi-Aventis SA (SAN) : The French drugmaker purchasing Genzyme Corp. said it would make a one-off amortization adjustment to its first-quarter earnings for the animal-health venture Merial. Sanofi-Aventis no longer plans to put the business in a joint venture with Merck & Co.’s veterinary unit. The stock fell 0.7 percent to 47.66 euros.

Wendel (MF) : The company raised its 2010 dividend by 25 percent to 1.25 euros and reported net assets per share of 98.20 euros as of March 14. The stock slipped 0.7 percent to 70.68 euros.

To contact the reporter on this story: Matthew Campbell in Paris at mcampbell39@bloomberg.net;

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

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