Aer Lingus, Antofagasta, Dexia, Shell: European Equity Preview

The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index slid 1.5 percent to 233.07. The Stoxx 50 Index dropped 1.4 percent to 2,228.88. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, erased 2.5 percent to 2,271.77.

Aer Lingus (AERL) Group Plc: The Irish carrier remains willing “to have discussions” if Ryanair Holds Plc (RYA ID), Europe’s biggest discount carrier, “is truly interested” in selling its stake, the Dublin-based company’s Chairman Colm Barrington said. Ryanair owns about 30 percent of Aer Lingus. Aer Lingus fell 2.7 percent to 73 euro cents. Ryanair dropped 1 percent to 3.20 euros.

Antofagasta Plc (ANTO) : A venture between the London based mining company and Barrick Gold Corp. (ABX) to build a $3.3 billion Pakistan copper mine filed a “notice of dispute” to gain time to resolve issues with the local government about its mining lease. Antofagasta fell 3.4 percent to 1,039 pence.

Areva SA (AREVA FP): The world’s largest builder of nuclear plants’ Areva Med unit acquired Texas-based Macrocyclics Inc., the company said in a statement, without disclosing the terms. The shares lost 4.1 percent to 22.01 euros.

Dexia SA (DEXB) : Belgium’s largest bank by assets completed agreements to sell its Belgian banking unit and French municipal-lending division to state-owned companies, moving closer to a full breakup as part of plans to rescue the lender. The shares fell 2.4 percent to 60 euro cents.

Royal Bank of Scotland Group Plc (RBS) : The U.K. bank will cut about 30 jobs in Brazil as the lender abandons plans to start an investment bank in the South American country, said two people familiar with the matter. The shares fell 3.4 percent to 23.63 pence.

Royal Dutch Shell Plc (RDSA) : Europe’s largest oil company purchased an old marine terminal in Canada from Cenovus Energy Inc. (CVE) to build a liquefied natural gas export terminal, The Globe and Mail reported. Shell’s shares fell 0.3 percent to 2,214.50 pence.

Swedish Automobile NV (SWAN NA): Two Chinese companies that had agreed to invest 245 million euros ($335 million) in Saab Automobile’s parent to help Saab stave off bankruptcy have instead offered to purchase the unit for a token sum, two people with direct knowledge of the matter said. The Dutch carmaker erased 9.6 percent to 85 euro cents.

To contact the reporter on this story: Kaitlyn Kiernan in New York at kkiernan2@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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