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Eramet, Game Group, Kinepolis, RBS, Valeo: Europe Equity Preview

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Sept. 28 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are as of the previous close.

The Stoxx Europe 600 Index fell 0.4 percent to 262.92. The Stoxx 50 Index declined 0.5 percent to 2,527.52. The Euro Stoxx 50 Index, a benchmark for nations using the euro, fell 0.6 percent to 2,776.33.

Accentis NV (ACCB BB): The owner of Punch International NV’s former real estate said it plans to raise as much as 20.5 million euros ($27.6 million) in a stock sale to existing shareholders. Accentis investors will be able to buy two new shares at 2 cents apiece for every share they own. Accentis rose 33 percent to 4 cents.

A.G. Barr Plc (BAG LN): The Scottish maker of Irn-Bru and Tizer soft drinks is due to report first-half earnings. The shares fell 0.3 percent to 1,251 pence.

Akzo Nobel NV (AKZA NA): The world’s largest paint maker may announce medium-term growth targets at an annual meeting for investors in London. Akzo Nobel advanced 0.7 percent to 46.84 euros.

Albemarle & Bond Holdings Plc (ABM LN): The pawnbroker is scheduled to report full-year earnings. The stock climbed 5.3 percent to 267.5 pence.

Close Brothers Group Plc (CBG LN): The British investment bank founded in 1878 is due to report full-year earnings. The company may report net income of 86.4 million pounds ($137 million), according to the average of five estimates compiled by Bloomberg. The shares advanced 0.7 percent to 727 pence.

EDP Renovaveis SA (EDPR PL): The renewable-energy company signed an agreement to obtain $84 million in equity financing from JPM Capital Corporation in exchange for a stake in the Meadow Lake II wind farm. The shares fell 0.9 percent to 4.10 euros.

Eramet SA (ERA FP): Gabon’s President Ali Bongo Ondimba said his government is still in talks over the size of the stake it plans to take in the French nickel producer. The shares rose 1.4 percent to 218.85 euros.

Gamesa Corporacion Tecnologica SA (GAM SM): The producer of wind turbines said its operations are fully funded and it has no need to access capital markets. Gamesa lost 2.9 percent to 5.03 euros.

Game Group Plc (GMG LN): Europe’s biggest electronic-game store chain is scheduled to report first-half earnings. The stock rose 1.2 percent to 65.75 pence.

Kinepolis Group NV (KIN BB): Bestinver Gestion SA pared its holding in Belgium’s biggest movie-theater operator to 2.73 percent of voting rights as of Sept. 20 from 4.6 percent on Jan. 20. Kinepolis declined 0.9 percent to 49.50 euros.

Le Belier SA (BELI FP): The aluminum aerospace and automotive parts maker said it sees “sustained” sales growth this year after posting first-half net income of 5.1 million euros, up from a 2 million-euro loss a year earlier. The shares added 0.6 percent to 6.32 euros.

Quest for Growth NV (QFG BB): Laxey Partners Ltd. cut its holding in the Belgian closed-end venture capital fund to 9.9 percent as of Sept. 17 from 12 percent. Quest for Growth lost 1.1 percent to 4.45 euros.

Ricardo Plc (RCDO LN): The U.K. developer of fuel-efficient engines for automakers is due to report full-year earnings. The shares fell 1.3 percent to 296.5 pence.

Royal Bank of Scotland Group Plc (RBS LN): The U.K.’s largest government-owned bank plans to cut about 500 administrative jobs at its investment banking division to reduce costs, a person with knowledge of the matter said. The stock declined 1 percent to 48.81 pence.

Sanofi-Aventis SA (SAN FP): The drugmaker agreed to buy VaxDesign, a closely held U.S. biotechnology company, for as much as $60 million. The shares fell 1.2 percent to 50.01 euros.

SOS Corporacion Alimentaria SA (SOS SM): The olive oil bottler aims to raise 200 million euros ($270 million) in a rights offering as part of its plan to restructure its debt. SOS also plans to create new shares worth 396 million euros to swap for preferred stock and existing debt. The new shares will be valued at 50 cents each, it said. SOS fell 2.1 percent to 1.40 euros.

Trigano SA (TRI FP): The maker of recreational vehicles said full-year revenue rose to 698.1 million euros from 636.2 million euros. The shares advanced 4.8 percent to 17.75 euros.

Valeo SA (FR FP): The auto-parts maker denied a report by Wansquare that it is preparing a link-up with an unidentified rival. The shares gained 0.5 percent to 33.34 euros.

To contact the reporters on this story: Tara Lachapelle in New York at tlachapelle@bloomberg.net

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

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