BNP Paribas, EDF and Thales: French Equity Preview
The following is a list of companies whose shares may have unusual price changes in Paris. Stock symbols are in parentheses after company names and prices are from the last close.
France’s benchmark CAC 40 Index fell 0.5 percent to 3,031.08 while the broader SBF 120 Index declined 0.4 percent to 2,326.02.
BNP Paribas (BNP) SA: BNP Paribas Fortis, the Belgian retail-banking unit of France’s largest lender, plans a cost- cutting program to save about 200 million euros ($276 million) a year, De Tijd reported. The shares fell 7.6 percent to 28.20 euros.
Electricite de France SA (EDF FP): Edison SpA’s Italian investors may give their stake in Electricite de France in exchange for 50 percent of the Milan-based utility’s Edipower unit, Il Sole 24 Ore reported, without saying where it got the information. EDF’s shares rose 2.9 percent to 21.22 euros.
Thales SA (HO) : The French defense electronics company hired Barclays Capital to help to sell a unit, which trains Boeing 787 and Airbus A380 pilots, the Sunday Times reported, without saying where it got the information. The business, which offers flight simulation services, may be worth about 200 million pounds ($316 million), the newspaper said. The shares rose 1.1 percent to 26.29 euros.
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