ArcelorMittal, Eni, Partners Group, Snam: Europe Equity Preview
The following companies’ shares may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index rose 1.2 percent to 256.57. The Stoxx 50 Index gained 1 percent to 2,459.18. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, climbed 1.9 percent to 2,435.04.
ArcelorMittal (MT) : The world’s largest steel producer will delay reopening its Sestao plant in Spain because it doesn’t expect the steel demand in southern Europe to improve soon, Reuters reported, citing an e-mailed statement from a company spokesperson. ArcelorMittal climbed 4.1 percent to 16.37 euros.
Eni SpA (ENI) and Snam Rete Gas SpA (SRG) : The Italian government plans to force the country’s biggest oil company to sell its 5.9 billion euro ($7.6 billion) stake in the natural-gas distribution network to boost competition. Eni gained 3.1 percent to 17.20 euros. Snam fell 2.2 percent to 3.31 euros.
Partners Group Holding AG (PGHN) : The Swiss private equity firm and Ventizz Capital Partners AG said they invested in Rioglass Solar Holding SA, a Spanish maker of mirrors for solar-thermal power plants. The firms didn’t disclose the size of the investments. Partners Group Holding rose 1.9 percent to 163 francs.
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