Altri, Bayer, Societe Generale: European Equity Preview

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

The Stoxx Europe 600 Index (SXXP) rose 0.6 percent to 260.11. The Stoxx 50 Index (SX5P) (SX5P) gained 0.3 percent to 2,446.01. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, climbed 0.7 percent to 2,460.77.

3Legs Resources Plc (3LEG) (3LEG LN): The Isle of Man-based shale- gas explorer may begin natural-gas production from Poland’s shale formations in two years, according to Chief Executive Officer Peter Clutterbuck. The company has a partnership with ConocoPhillips (COP US) in Poland. The shares were unchanged at 70 pence.

Altri SGPS SA (ALTR) : Portugal’s second-biggest pulp- and-paper producer said profit in 2011 dropped 64 percent to 22.6 million euros ($29.7 million). The shares fell 1.4 percent to 1.12 euros.

Bayer AG (BAYN) (BAYN GY): The largest German drugmaker is weighing a bid for Pfizer Inc.’s (PFE US) animal-health unit and discussing how to raise funding with banks, said people with knowledge of the plans. Christian Hartel, a Bayer spokesman, declined to comment. A Pfizer spokeswoman said the company hadn’t yet decided on a spinoff or sale. Bayer shares rose 0.6 percent to 53.33 euros.

Societe Generale SA (GLE) : France’s second-biggest bank named Jean-Francois Mazaud head of its private banking and asset management unit, replacing Daniel Truchi. The shares increased 3.4 percent to 23.78 euros.

To contact the reporter on this story: Joseph Ciolli in New York at jciolli@bloomberg.net

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

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