Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

A.S. Creation, BASF, Kontron, Porsche: German Equity Preview

Don't Miss Out —
Follow us on:

Dec. 1 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses and share prices are from the previous close.

Futures contracts expiring this month gained 0.7 percent to 6,745 as of 8:35 a.m. in Frankfurt. The benchmark DAX Index fell 0.1 percent to 6,688.49 yesterday.

A.S. Creation Tapeten AG (ACW GY): The wallpaper maker said Germany’s federal cartel office searched the company’s premises in Gummersbach, Germany, and impounded a number of business documents as part of an anti-trust investigation. The shares rose 0.6 percent to 33.30 euros.

BASF SE (BAS GY): The world’s biggest chemical company won European Union approval to acquire food- and cosmetics-ingredients maker Cognis Holding GmbH after it agreed to sell some activities related to the production of a chemical used in coatings and adhesives. The stock rose 2.2 percent to 57.50 euros.

Deutsche Bank AG (DBK GY): The lender was raised to “neutral” at JPMorgan Chase & Co. The shares lost 1.4 percent to 36.595 euros.

Kontron AG (KBC GY): The make of miniature computers for slot machines and drone aircraft said Chief Financial Officer Dieter Gauglitz decided to leave the company at the end of the year. Martin Zurek will step down from the executive board as of Dec. 31 and will become senior vice president with responsibility for the “globalization of the supply chain,” Kontron said. The shares slipped 1.5 percent to 6.70 euros.

Porsche SE (PAH3 GY): Common shareholders approved their half of a 5 billion-euro ($6.5 billion) share sale that the sports-car maker is seeking to reduce debt before merging with Volkswagen AG. The shares rose 3.7 percent to 57.93 euros.

To contact the reporter on this story: Jann Bettinga in Frankfurt at jbettinga@bloomberg.net.

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.