BP, Maersk, Solaria Energia, UniCredit: European Equity Preview
The following companies’ shares may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index (SXXP) rose 1.6 percent to 251.06. The Stoxx 50 Index (SX5P) increased 1.6 percent to 2,427.31. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, climbed 0.8 percent to 2,389.91.
A.P. Moller Maersk A/S (MAERSKB) (MAERSKB DC): The world’s largest container line’s American unit Maersk Line Ltd. agreed to pay the U.S. government $31.9 million to resolve allegations that it overcharged the Defense Department for shipping containers to Iraq and Afghanistan, the Justice Department said. The shares rose 0.6 percent to 38,740 kroner.
BP Plc (BP/) : The U.K. company will shut several gasoline-making units at California’s second-largest refinery in March for planned maintenance, according to three people familiar with the work. Scott Dean, a BP spokesman in Warrenville, Illinois, declined to comment on the planned work during a telephone interview. The shares climbed 2.3 percent to 471.05 pence.
Brenntag AG (BNR) (BNR GY): The German company said its silicone oils are not intended for breast implants and that it answered inquiries from French authorities in April 2010 about the supply of its products to Poly Implants Protheses. The French Ministry of Health said Dec. 23 that women with implants made by PIP should see doctors about having them removed following leakage that can lead to inflammation. Brenntag rose 0.1 percent to 72.50 euros.
PSA Peugeot Citroen (UG) : Sales Director Jean-Marc Gales may be about to leave Europe’s second-biggest carmaker and could be replaced by the Finance and Strategic Development Director Frederic Saint-Geours, La Tribune reported, citing people close to the company. PSA Peugeot Citroen declined to comment, La Tribune said. The shares gained 4.4 percent to 13.18 euros.
Solaria Energia y Medio Ambiente SA (SLR) : The Spanish company sold a solar-power plant in Germany to Solaria DTL Corp. SL for more than 18 million euros ($23.5 million), according to a company filing. Solaria Energia retreated 3.1 percent to 1.11 euros.
UniCredit SpA (UCG) : The Italian bank’s board plans to set the terms of the company’s 7.5 billion-euro rights offering at a meeting, said two people with knowledge of the discussions. The shares fell 2.5 percent to 6.33 euros.
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