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Belgacom, Dexia, Fugro May Move: Benelux Equity Market 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 0.5 percent to 264.72. Belgium’s Bel20 Index rose 0.9 percent to 2,021.37. Luxembourg’s LuxX Index retreated 0.1 percent to 1,041.37.

Dutch stocks:

Fugro NV (FUR) : The world’s largest surveyor of deepwater oil fields said Supervisory Board Chairman Herman Scheffer died. Fugro lost 4.3 percent to 35.99 euros.

Belgian stocks:

Belgacom SA (BELG) : The largest telephone company in Belgium had a regulatory fine reduced to 500,000 euros ($675,000) in an appeals court ruling. Regulator BIPT had originally fined Belgacom 800,000 euros last year because the company neglected to correctly inform Internet clients of the ability to terminate subscriptions free of charge when announcing price increases. Belgacom dropped 0.2 percent to 21.835 euros.

Dexia SA (DEXB) : Chief Executive Officer Pierre Mariani said there are no plans to split the French-Belgian bank or change its ownership, De Tijd reported, citing an interview. Dexia is in talks with France’s Caisse des Depots et Consignations and La Banque Postale SA to create a new French municipal lender, according to Le Figaro. Dexia shares gained 2.7 percent to 1.31 euros.

To contact the reporters on this story: Maud van Gaal in Amsterdam at mvangaal@bloomberg.net; John Martens in Brussels at jmartens1@bloomberg.net.

To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net; Angela Cullen at acullen8@bloomberg.net.

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