Areva, Saint-Gobain, Televerbier: French Equity Market Preview

Shares in the following companies may have unusual moves in Paris trading. Stock symbols are in parentheses and prices are from the last close.

France’s CAC 40 Index slid 0.6 percent to 3,799.66. The SBF 120 Index fell 0.6 percent to 2,868.00.

Areva SA (AREVA FP): The world’s largest builder of nuclear reactors said its Solar unit is part of a group selected by the Australian government for a new 250 megawatt solar project. The Australian Commonwealth and Queensland governments said they will contribute $464 million and $75 million respectively to the project. Areva shares fell 3.9 percent to 25.53 euros.

Ausy (OSI) : The technology consulting company said its German unit is buying 51 percent of Elan GmbH for an undisclosed amount. Elan had revenue in 2010 of 25 million euros. The shares fell 0.2 percent to 24.79 euros.

Carrefour SA (CA) : Europe’s largest retailer will hold its annual general meeting. The company last week said first- half results in France were below management expectations. The shares fell 1.6 percent to 26.86 euros.

Esker SA (ALESK) : The business software company said it will pay shareholders a 2010 dividend of 8 cents a share, up from the 5 cents it had proposed. The shares fell 1.9 percent to 6.77 euros.

Cie de Saint-Gobain SA (SGO FP): The French glassmaker pulled the initial public offering of its Verallai packaging unit, a person with knowledge of the matter said. Saint-Gobain shares fell 0.8 percent to 41.42 euros.

Televerbier (TVRB) : The operator of ski resorts in the Swiss Alps said it forecasts full-year profit below the year- earlier level after reporting a 76 percent drop in first-half net profit to 6.6 million euros. The shares last traded on June 14, when they fell 0.6 percent to 71 euros.

To contact the reporters on this story: Vidya Root in Paris at vroot@bloomberg.net; Gregory Viscusi in Paris at gviscusi@bloomberg.net

To contact the editors responsible for this story: Steve Rhinds at srhinds@bloomberg.net

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