Atenor, Econocom, IRIS, TiGenix, Vopak: 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.

The AEX-Index (AEX) in Amsterdam advanced 0.5 percent to 350.84. Belgium’s Bel20 Index rose 0.6 percent to 2,717.02. Luxembourg’s LuxX Index fell 0.2 percent to 1,427.51.

Dutch stocks:

Royal Vopak NV (VPK NA): The world’s biggest chemical and oil storage company and Tianjin Bohai Chemical Industry Group said they plan to increase the storage capacity of the Tianjin Lingang liquefied-petroleum-gas terminal in China by 240,000 cubic meters. Vopak shares rose 0.2 percent to 31.61 euros.

Belgian stocks:

Atenor Group (ATEB) SA: The Belgian developer said it will record a gain of 3.74 million euros ($5.35 million) on the sale of the final block of residential units of the Media Gardens project to Aedifica SA. Atenor shares increased 0.1 percent to 34.98 euros.

Econocom Group (ECONB) SA: The computer-services company that bought Societe Generale SA’s ECS unit in October said the over-allotment option of its convertible-bond sale was fully exercised, boosting total proceeds to 84 million euros. Econocom shares gained 2.1 percent to 17.15 euros.

IRIS (IRIS) Group SA: The Belgian software maker said first-quarter orders were a “little softer” than last year and second-half earnings will be “decisive” for the year. The shares advanced 0.1 percent to 37.13 euros.

TiGenix NV (TIG) : The maker of the ChondroCelect cartilage-repair therapy said it consumed 3.4 million euros of cash in the first quarter and reported revenue of 400,000 euros for the period. The shares dropped 1.7 percent to 1.17 euros.

To contact the reporters on this story: John Martens in Brussels at jmartens1@bloomberg.net; Fred Pals in Amsterdam at fpals@bloomberg.net.

To contact the editors responsible for this story: Angela Cullen at acullen8@bloomberg.net; Andrew Rummer at arummer@bloomberg.net.

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