BP, Carrefour, Latecoere, ING, Repsol: European Equity Preview
The following companies’ shares may be active in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index fell 0.5 to 266.73. The Stoxx 50 Index slumped 0.1 percent to 2,507.62. The Euro Stoxx 50 Index, a benchmark for nations using the euro, decreased less than 0.1 percent to 2,730.62.
Allied Irish Banks Plc (ALBK) : The Dublin-based, government-controlled lender said resolutions to buy 868.25 million pounds ($1.4 billion) of its notes for cash failed to pass at a meeting. The stock plunged 6.3 percent to 15 euro cents.
Antichi Pellettieri SpA (AP) : The Italian leather-goods maker said first-quarter revenue fell 61 percent to 35.8 million euros ($50.7 million), according to a stock-exchange statement today. Pretax profit in the quarter dropped to 800,000 euros from 3 million euros in the year-earlier period, it said. The stock was unchanged at 46 euro cents.
Banco de Valencia SA (BVA) : The Valencia, Spain-based bank and Bankia SAU, its largest shareholder, reached an agreement in which Banco de Valencia will sell its 22.21 percent stake in Arcalia Patrimonios Sociedad de Valores SA to Arcalia. Banco de Valencia shares fell 2.6 percent to 1.89 euros.
BP Plc (BP/) : BP Plc and Chevron Corp. (CVX US) are among companies holding leases in the Gulf of Mexico that the Obama administration plans to extend by 12 months, the Bureau of Ocean Energy Management, Regulation and Enforcement said. The stock dropped 0.4 percent to 433.90 pence.
Carrefour SA (CA) : The world’s second-largest retailer named Noël Prioux as executive director of its French operations and tasked him with turning around the unit after first-half results were below management expectations. The shares fell 3.5 percent to 27.75 euros.
Celesio AG (CLS1) (CLS1 GY): Europe’s biggest drug wholesaler said profit may fall this year as “government measures” across the continent and more competition in Germany hurt results. The shares fell 3.4 percent to 15.06 euros.
Dinamia Capital Privado SCR SA (DIN SM): The venture capital company, along with private equity firms managed by Nmas1 Capital Privado SGECR SA, reached a binding agreement to acquire Radiacion & Microondas SAU and Teltronic SAU. Dinamia will pay 10 million euros for a 25 percent stake in both companies, the company said. The shares climbed 1.5 percent to 7.90 euros.
Grupo Tavex SA (TVX) : The Spanish denim producer named Marcio Garcia de Souza as chairman of the board, replacing Enrique Garran Marzana. The shares rose 2.6 percent to 42.9 euro cents.
ING Groep NV (INGA) : The biggest Dutch financial- services agreed to sell its ING Direct USA online bank to Capital One Financial Corp. for $9 billion. ING shares dropped 0.8 percent to 7.97 euros.
Latecoere SA (LAT FP): The world’s largest independent aircraft-door supplier said it plans to hire 400 people this year, including 150 in France. The shares declined 1.1 percent to 10.88 euros.
Man Group Plc (EMG) : The London-based hedge fund manager named a pair of executives, Lance Donenberg and Jordan Allen, from its hedge-fund subsidiaries, as co-chief operating officers for the company’s U.S. business. The shares fell 1.4 percent to 229.3 pence.
Qurius NV (QRIUS) : The Dutch computer-services company obtained a standby equity facility of as much as 10 million euros ($14 million) from an investment fund managed by Yorkville Advisors LLC. Under the terms of the three-year facility, the Yorkville fund will be able to buy shares at a 3 percent discount and receive a commission of 3 percent, in addition to a one-time payment of 300,000 euros. Qurius declined 1.1 percent to 26 cents.
Snai SpA (SNA) : The betting-website operator said Global Games Srl owns about 67 percent of the company after a takeover offer that ended today, according to preliminary figures disclosed in a stock-exchange statement. The stock rose 0.3 percent to 2.45 euros.
Telenet Group Holding NV (TNET) : The Belgian cable operator controlled by John Malone’s Liberty Global Inc. set a July 29 payment date for its planned 4.50 euros-a-share capital reimbursement. The shares will start trading without the right to the payout as of July 26. Telenet retreated 0.1 percent to 30.57 euros.
ThyssenKrupp AG (TKA) : Germany’s largest steelmaker prefers an initial public offering of its stainless-steel business among options it is considering, Dow Jones reported, citing unidentified people familiar with the matter. The shares rose 0.1 percent to 33.93 euros.
Umicore SA (UMI BB): The world’s largest precious-metals recycler said it will start recovering rare-earth elements from spent Nickel Metal Hydrid rechargeable batteries together with Rhodia SA, the French chemicals maker that’s being bought by Solvay SA (SOLB BB). Umicore (UMI) shares fell 2.3 percent to 35.60 euros.
Unione di Banche Italiane ScpA (UBI) : Fondazione Banca del Monte di Lombardia, Fondazione Cassa di Risparmio di Cuneo and Cattolica Assicurazioni SpA will fully subscribe to their quota of shares in UBI’s planned capital increase, according to a statement. The three companies will keep a total stake of 5.7 percent in UBI after the capital increase, the lender said. The stock fell 2 percent to 3.93 euros.
Vinci SA (DG) : Europe’s biggest builder said it signed a 7.8 billion-euro ($11 billion) contract to build and maintain a rail link between Tours and Bordeaux in southern France. The shares fell 0.6 percent to 42.01 euros.
Zodiac Aerospace (ZC) SA: The aeronautical equipment maker said its sales rose 31 percent to 2.02 billion euros for the first nine months of its fiscal year, and raised its full- year revenue growth forecast to at least 20 percent. The shares fell 2.4 percent to 54.51 euros.
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