Bayer, BP, Cofinimmo, Hermes, Parmalat, Telenet: Europe Equity Preview

The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index fell 0.5 percent to 282.43. The Stoxx 50 Index dropped 0.3 percent to 2,651.58. The Euro Stoxx 50 Index, a benchmark for nations using the euro, lost 0.3 percent to 3,000.39.

Bayer AG (BAYN) : Chief Executive Officer Marijn Dekkers of the Leverkusen-based health-care and agricultural products company said in an interview that he is open to a “merger of equals” for its health-care unit. Bayer shares rose 0.7 percent to 58.55 euros.

BP Plc (BP/) : A BP Plc unit agreed to pay $25 million to settle a U.S. lawsuit stemming from two oil spills in Alaska and other alleged environmental violations. BP’s shares fell 1 percent to 457.95 pence.

Cofinimmo SA (COFB BB): Belgium’s biggest real-estate investment fund set the issue price for its stock dividend at 93.925 euros a share, a 4 percent discount to the weighted average price in the past five trading days less the net dividend of 5.525 euros. Cofinimmo (COFB) rose 0.2 percent to 103.30 euros.

Enel Green Power SpA (EGPW) : The renewable energy unit of the Italian utility Enel SpA said it started building a 70- megawatt wind farm in Corugea, eastern Romania, which will produce enough electricity to meet the needs of 70,000 households a year. The stock fell 1.4 percent to 1.95 euros.

Exor SpA (EXO) : The Agnelli family’s investment company and News Corp. are considering the possibility of making a joint bid for the Formula One car racing competition, Exor said in a joint statement. Exor said the companies will seek other investors to join a bidding group. Formula One Chief Executive Officer Bernie Ecclestone said earlier he was unaware of any bid being made. Formula One is owned by CVC Capital Partners Ltd., a London-based private equity company. Exor declined 0.3 percent to 24.56 euros.

Hermes International (RMS) : The luxury-goods maker booked a 30 million-euro profit from the sale of a stake in Jean Paul Gaultier to Spain’s Puig. Hermes fell 0.5 percent to 158.85 euros.

Intesa SanPaolo SpA (ISP) : Financier Romain Zaleski said Intesa investor Carlo Tassara SpA won’t subscribe to the Italian bank’s planned share sale, news agency Radiocor reported. Intesa increased 0.3 percent to 2.23 euros.

Parmalat SpA (PLT) : The dairy company said it named Goldman Sachs Group Inc. to advise on a 3.4 billion-euro ($5 billion) takeover offer by Groupe Lactalis, which wasn’t solicited. Parmalat gained 1.3 percent to 2.60 euros.

Telenet Group Holding NV (TNET) : The Belgian cable operator controlled by John Malone’s Liberty Global Inc. (LBTYA US) said profit fell as debt-servicing costs increased and sales missed analysts’ estimates because of promotions on installations. Telenet fell 2.1 percent to 33.01 euros.

To contact the reporter on this story: Jeff Sutherland in New York at jsutherlan13@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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