Ahold, Alfacam, Belgacom, RHJ, Solvay: 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 advanced 1.3 percent to 339.65. Belgium’s Bel20 Index rose 1 percent to 2,572.58. Luxembourg’s LuxX Index gained 0.7 percent to 1,406.91.
Royal Ahold NV (AH NA): The Dutch owner of Stop & Shop supermarkets in the U.S. named James McCann as its chief commercial and development officer starting Sept. 1. McCann left Carrefour in May after little more than a year in charge of the French retailer’s domestic unit. Ahold shares climbed 0.4 percent to 9.27 euros.
Alfacam Group (ALFA) NV: The owner of Europe’s largest fleet of high-definition broadcast trucks said its second- quarter performance won’t make up for a “weak” first quarter and forecast a “substantially better” second half. Alfacam also named Sven Marinus as its chief operating officer. The shares last traded for 4.68 euros on June 29.
Belgacom SA (BELG) : The biggest telephone company in Belgium said it sold the Spanish subsidiary of its Telindus Group NV unit to funds advised and managed by Corpfin Capital. Terms of the transaction weren’t disclosed. Belgacom increased 1 percent to 24.60 euros.
RHJ International (RHJI) SA: The owner of U.K. wealth manager Kleinwort Benson completed the sale of its 77.9 percent holding in Niles Co., a maker of switches and other electronic components for carmakers including Nissan Motor Co., to Valeo SA (FR FP) for 15.4 billion yen ($190 million) in cash. RHJ was unchanged at 4.97 euros.
Solvay SA (SOLB) : The world’s largest soda-ash maker said it notified the European Commission of its planned purchase of Rhodia SA (RHA FP) in order to get antitrust approval for the transaction. Solvay retreated 0.1 percent to 106.55 euros.
To contact the reporter on this story: John Martens in Brussels at firstname.lastname@example.org
To contact the editor responsible for this story: Angela Cullen at email@example.com;
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.