Gecina, Royal Vopak, Siemens, Vallourec: Europe Equity Preview

Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index gained 0.7 percent to 280. The Stoxx 50 Index climbed 0.6 percent to 2,621.11. The Euro Stoxx 50 Index, a benchmark for nations using the euro, advanced 0.8 percent to 2,890.6.

Commerzbank AG (CBK) : Management-board member Achim Kassow will leave Germany’s second-biggest bank to become chief executive officer of Oldenburgische Landesbank. The shares rose 3.1 percent to 3.92 euros.

Gecina SA (GFC) : The real-estate investment company sold 21 logistics assets to Carval for 114 million euros. The shares fell 0.8 percent to 102.20 euros.

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.

Siemens AG (SIE) : The German engineering company said it will pay France’s Areva SA 648 million euros ($927 million) after an arbitration tribunal found Siemens failed to meet contractual obligations in a nuclear joint venture that it exited earlier this year. The shares gained 2.3 percent to 93.84 euros.

Stada Arzneimittel AG (SAZ) : The drugmaker said it is in “concrete” talks with Spirig Pharma AG to buy its Swiss generic drugs business and plans to make a decision in the next three months. Stada shares rose 0.9 percent to 29.24 euros.

Vallourec SA (VK) : Groupe Bollore (BOL FP) sold shares of the producer of steel pipes and retains a 1.7 percent stake. Vallourec rose 2.3 percent to 87.90 euros. Bollore (BOL) rose 0.8 percent to 173.90 euros.

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net

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

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