Atenor Group, Euronav, Zetes Industries: 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 declined 0.6 percent to 334.17. Belgium’s Bel20 Index lost 0.9 percent to 2,558.12. Luxembourg’s LuxX Index gained 0.6 percent to 1,394.09.

Belgian stocks:

Atenor Group (ATEB) SA: The real-estate developer agreed to sell a 7,000 square-meter office building that’s under construction as part of the Brussels UP-Site project to Ethias Group and said the transaction will have a “very positive” impact on first-half earnings. Atenor declined 0.6 percent to 33.30 euros.

Euronav NV (EURN) : The Belgian oil-tanker owner obtained a $750 million senior secured syndicated credit facility for six years to refinance existing debt and said it will pay a margin of 225 basis points more than the London interbank offered rate. Euronav fell 0.9 percent to 9.31 euros.

Zetes Industries SA (ZTS) : The maker of Belgium’s electronic identity cards agreed to buy Johannesburg-based ProScan for 5.2 million euros ($7.5 million) on a debt-free basis and expects the transaction to contribute to earnings as of July 1. Zetes Industries advanced 0.9 percent to 17.50 euros.

To contact the reporter on this story: John Martens in Brussels at jmartens1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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