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China Specialty Glass, Deutsche Bank, GEA: German Equity Preview

The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

The benchmark DAX Index (DAX) rose 123.71 points, or 1.7 percent, to 7,294.14.

China Specialty Glass AG (8GS GR): The German specialty glass maker priced its initial public offering at 9 euros a share, and said in a statement it will raise 23.85 million euros ($34.4 million) in gross proceeds. The listing is pending.

Deutsche Bank AG (DBK) : The German lender’s chief executive officer, Josef Ackermann, said proposals for a German bank levy may cost Deutsche Bank 700 million euros to 900 million euros, depending on the final outcome of the law. Ackermann commented on the levy at a conference in Berlin. The shares rose 1 percent to 40.17 euros.

GEA Group AG (G1A) (G1A GY): The company whose machines milk a third of the world’s dairy cows said orders through May rose 26 percent as acquisitions brought in new customers and the manufacturer won more sales contracts outside Europe. The shares rose 3.4 percent to 23.87 euros.

Prime Office AG (PMO GR): The German real estate company said all the shares in its public offering were successfully placed. The company set an offer price of 6.20 euros a share and expects net proceeds of about 202.9 million euros. The listing is pending.

To contact the reporters on this story: Holger Elfes in Dusseldorf at helfes@bloomberg.net.

To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net.

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