Assystem, CNP, GDF Suez and Mercialys: French Equity Preview
The following companies’ shares may be active in Paris. Stock symbols are in parentheses after company names and prices are from the last close.
The benchmark CAC Index fell 0.9 percent to 3,970.39. The broader SBF 120 dropped 0.8 percent to 2,978.05.
Assystem (ASY) : The research and development services provider is in exclusive talks to buy the family engineering services group MPH, a deal that would help it grow in the oil and gas industry. The shares added 0.2 percent to 16.65 euros.
Carrefour SA (CA) : The world’s second-largest retailer said it’s selling 49 percent of BSF Holding to Itau Unibanco for 315 million euros ($456 million). The agreement is part of a joint venture between the companies. Carrefour shares slipped 1.3 percent to 31.04 euros.
CNP Assurances (CNP) SA: France’s largest life insurer and state-owned Caisse des Depots et Consignations are in “advanced” talks with GDF Suez SA for a partnership in the field of natural gas transport. CNP shares lost 1.7 percent to 15.57 euros.
Electricite de France SA (EDF FP): EDF Energies Nouvelles Reparties, owned equally by EDF Energies Nouvelles SA and EDF SA (EDF), agreed to sell its 50 percent stake in French solar module maker and installer Tenesol to oil and gas company Total SA (FP) . EDF shares shed 1.8 percent to 27.21 euros. Total stock declined 1 percent to 41.64 euros.
Mercialys SA (MERY) : The real-estate investment trust controlled by retailer Casino Guichard-Perrachon SA said first- quarter rental revenue advanced 7.1 percent to 38.5 million euros. The shares advanced 0.9 percent to 28.14 euros.
Pierre & Vacances (VAC) SA: The operator of holiday resorts said first-half sales climbed 3.8 percent to 653.2 million euros. The shares slipped 0.5 percent to 62.64 euros.
Sanofi-Aventis SA (SAN) : France’s biggest drugmaker, will focus on growing and strengthening its internal businesses, since the company is well-placed to avoid being impacted by a “patent cliff,” Chief Executive Officer Chris Viehbacher said in an interview with CNBC. The shares slipped 0.5 percent to 51.17 euros.
Vergnet (ALVER) SA: The maker of windmills said its full-year loss narrowed to 6.8 million euros from 9.4 million euros in 2009, and that it expects a “progressive return to profitability” with sales of more than 120 million euros in 2011. The shares lost 2.9 percent to 4.96 euros.