Putin to Grant Pardon to Jailed Tycoon Khodorkovsky
Credit Agricole, Hermes, Guerbet: French Equity Preview
Shares of the following companies may have unusual moves in French trading. Stock symbols are in parentheses and prices are from the last close.
France’s CAC 40 Index advanced 1.1 percent to 3,878.65. The SBF 120 Index rose 1 percent to 2,931.60.
Credit Agricole SA (ACA FP): Citic Securities Co., China’s largest brokerage by market value, plans to acquire 19.9 percent of Credit Agricole SA’s brokerage units, CLSA and Credit Agricole Cheuvreux, for a total of $374 million. The shares fell 0.3 percent to 10.20 euros.
Hermes International (RMS) SCA: LVMH Moet Hennessy Louis Vuitton SA (MC FP), the world’s largest maker of luxury goods, doesn’t intend to bid for Hermes, the bag maker in which it holds a 20.2 percent stake, an LVMH spokesman said. Hermes shares rose 2.2 percent to 191.95 euros, and LVMH gained 0.7 percent to 116.90 euros.
Groupe Partouche SA (PARP) : The casino operator said first-half revenue was 232.7 million euros ($337.7 million) compared with 238.2 million euros in the same period last year. The shares were unchanged at 2.74 euros.
Guerbet SA (GBT FP): The maker of contrast media for radiology and magnetic resonance imaging said Chairman Jean- Jacques Bertrand will take over as interim chief executive officer after the death of Bernard Massiot. The shares gained 0.7 percent to 76.20 euros.
Rue du Commerce (RDC) : The online electronics retailer is aiming for pretax profit of 4 million euros this year after net income reached 1.16 million euros last year. The shares advanced 0.6 percent to 6.53 euros.
To contact the editor responsible for this story: Celeste Perri at firstname.lastname@example.org.