SNS Reaal, Tie, Dexia, KBC, D’Ietern: 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.
SNS Reaal NV (SR) : The Dutch bank and insurer that’s winding down property-finance loans to restore profit sold the 55 West real estate project in Florida for an undisclosed sum. SNS lost 3.4 percent to 4.13 euros.
Tie Holding NV (TIE) : The Dutch internet-software maker plans to place a total of 2.39 million shares following the conversion of 450,000 euros ($640,665) in convertible bonds. Tie Holding lost 1.9 percent to 10.2 cents.
Dexia SA (DEXB) and KBC Groep NV (KBC) : Belgian Central Bank Governor Luc Coene said the nation’s banks will be able to meet Basel III rules without raising capital, newspapers De Tijd and L’Echo reported, citing a joint interview. Dexia shares fell 0.2 percent to 2.743 euros, and KBC rose 71 cents, or 2.7 percent, to 27.245 euros.
D’Ieteren SA (DIE) : Belgium’s biggest car dealer increased deliveries of new cars by 15 percent in the first quarter, or almost three times as fast as the market’s expansion, as Volkswagen AG models gained share. The stock fell 15 cents, or 0.3 percent, to 48.23 euros.
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