Atenor, ING Groep, VPK Packaging Group: 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 273.56. Belgium’s Bel20 Index rose 1.3 percent to 2,096.75. Luxembourg’s LuxX Index retreated 0.9 percent to 1,074.27.
ING Groep NV (INGA) : Capital One Financial Corp. said its purchase of ING’s U.S. online bank is set to be completed on time, later this year or in early 2012, even as the Federal Reserve extends a review and holds hearings. ING gained 1.9 percent to 4.78 euros.
Atenor Group (ATEB) SA: The developer that’s building Belgium’s tallest residential skyscraper agreed to buy a former brewery site in Luxembourg’s Neudorf district and said it plans a 13,000 square-meter residential and commercial development at the site. Atenor shares dropped 0.8 percent to 29.99 euros.
VPK Packaging Group (VPKB) NV: The Belgian maker of corrugated-board boxes said it plans to construct a plant for the material in Leinefelde, Germany, in a joint venture with two local business partners at a cost of about 30 million euros ($41 million). VPK Packaging declined less than 0.1 percent to 29.50 euros.