Areva, Heurtey, LVMH, Schneider, Valeo: French Equity Preview

The following is a list of companies whose stocks may have unusual price changes in Paris. Symbols are in parentheses after company names and prices are from the last close.

France’s CAC 40 Index (CAC) rose 57.98 points, or 1.5 percent, to 3,982.21. The broader SBF 120 index gained 1.5 percent to 3,001.58.

Areva SA (AREVA FP): The supervisory board of the world’s biggest builder of nuclear reactors appointed its new executive board naming Luc Oursel chairman and Philippe Knoche, Sebastien de Montessus and Olivier Wantz as members. The shares increased 1.6 percent to 25.72 euros.

Beneteau SA (BEN) : The yacht maker said nine-month sales rose 19 percent to 677.7 million euros ($983.8 million) and confirmed its 2011 target. The shares added 2.1 percent to 14.85 euros.

Heurtey Petrochem SA (ALHPC) : The manufacturer of cracking furnaces raised its 2011 revenue estimate to between 325 million euros and 345 million euros, “significantly more than initial estimates,” it said in an e-mailed statement. The company sees operating profit for the year at between 11 million euros and 13 million euros. The shares gained 0.9 percent to 31.27 euros.

LVMH Moet Hennessy Louis Vuitton SA (MC) : The world’s largest luxury-goods maker bid for the rest of Bulgari SpA at 12.25 euros a share, according to a statement through the Italian exchange today. The shares advanced 1.3 percent to 124.10 euros.

Schneider Electric SA (SU) : The world’s biggest maker of low- and medium-voltage equipment said it sold $300 million in bonds to refinance existing debt. The shares increased 1.6 percent to 115.20 euros.

Societe Television Francaise 1 (TFI) : The television network has begun talks to acquire 100 percent of Metro France from Metro International SA, the company said in an e-mailed statement. The shares rose 2 percent to 12.54 euros.

Valeo SA (FR FP): RHJ International SA said it completed the sale of its 77.9 percent holding in Niles Co. to Valeo SA (FR), which said in a separate statement it values the acquisition at 313 million euros. The shares rose 1 percent to 47.08 euros.

Vallourec SA (VK) : The French producer of steel pipes said it plans to sell as many as 2.35 million new shares to workers. The shares rose 2 percent to 83.99 euros.

To contact the reporter on this story: Helene Fouquet in Paris at Hfouquet1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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