Deceuninck, ING, Leasinvest, Macintosh: 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 0.3 percent to 332.98. Belgium’s Bel20 Index rose 1.1 percent to 2,463.69. Luxembourg’s LuxX Index gained 0.4 percent to 1,402.77.
ING Groep NV (INGA) : A group of investors including Chilean entrepreneur Alvaro Saieh and Mexico’s Grupo BAL is in talks to buy ING’s Latin American pension business, which may fetch $3 billion or more, people with knowledge of the matter said. ING shares climbed 3.6 percent to 7.86 euros.
Macintosh Retail Group NV (MACIN) : The owner of Dolcis and Manfield shoe stores said it plans to sell its Halfords shops and expects to complete the disposal before the end of the year. The shares dropped 1.2 percent to 15.81 euros.
Deceuninck NV (DECB) : Europe’s third-largest maker of plastic window frames may say second-quarter sales rose to 160 million euros ($227 million) from 156.1 million euros a year earlier, according to the average of two analyst estimates compiled by Bloomberg. The shares increased 2.3 percent to 1.77 euros.
Leasinvest Real Estate SCA (LEAS) : The owner of offices, warehouses and shops in Belgium and Luxembourg signed a lease agreement for 7,200 square meters of storage space in Neder- over-Heembeek, its first contract on the Canal Logistics site since the rental guarantee expired in April. The real-estate investment fund also extended an existing contract for 23,700 square meters of warehouses and offices for an additional five years. The shares declined 0.7 percent to 68.55 euros.