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Carrefour, Danone, EDF, Mecelec, Rhodia: French Equity Preview

Dec. 1 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Paris. Stock symbols are in parentheses after company names and prices are from the last close.

France’s CAC 40 Index fell 0.7 percent to 3,610.44 yesterday, the lowest level since August. The SBF 120 Index lost 0.6 percent to 2,707.65.

Areva SA (CEI FP): France’s strategic investment fund has offered to buy Areva’s 14 percent stake in STMicroelectronics NV (STM FP) for about 700 million euros ($913 million), or less than the current market value, daily Les Echos reported, without saying where it got the information. Areva rose 0.1 percent to 323.90 euros. STMicro gained 0.1 percent to 6.91 euros.

Carrefour SA (CA FP): The world’s second-largest retailer cut its 2010 profit forecast and said it take a charge at its Brazilian unit of 550 million euros, more than triple its previous estimate. The shares fell 2.2 percent to 34.86 euros.

Danone SA (BN FP): Unimilk and the world’s biggest maker of yogurts finalized an accord to merge their fresh dairy product businesses in Russia and the other Commonwealth Independent States countries. Danone shares slid 0.1 percent to 42.13 euros.

Electricite de France SA (EDF FP): The country’s largest power company said it will pay an interim dividend of 0.57 euro a share for 2010. EDF shares rose 0.5 percent to 32.13 euros.

Geci International (GECP FP): The engineering-services company posted a first-half net loss of 1.9 million euros compared with a year-earlier profit of 200,000 euros. The shares fell 3.4 percent to 2.82 million euros.

Laurent-Perrier SA (LPE FP): The champagne maker reported that first-half net income rose 71 percent to 2.96 million euros. The company said in a statement in La Tribune newspaper that improved full-year earnings and cashflow will allow it to reduce debt. The shares rose 3.8 percent to 79.95 euros.

Mecelec SA (MCLC FP): The manufacturer of industrial equipment said it’s seeking to raise 5.73 million euros through the sale 1.91 million new shares. The stock rose 4.6 percent to 4.55 euros.

Michelin & Cie. (ML FP): The tiremaker’s shares were cut to “neutral” from “buy” at Nomura Holdings Inc. The shares lost 0.1 percent to 52.12 euros.

Rhodia SA (RHA FP): The French chemicals maker completed the purchase of Feixiang Chemicals, a Chinese maker of amines and surfactants, which employs about 650 people. Rhodia shares fell 0.9 percent to 20.34 euros.

Saft Groupe SA (SAFT FP): The designer and manufacturer of high-tech battery systems for industrial applications said it is starting a Brazilian unit to expand in developing markets. The shares fell 1.4 percent to 24.30 euros.

Societe Pour L’Informatique Industrielle (SII FP): The software and services company posted an increase in first-half net income to 3.32 million euros from 1.36 million euros. The shares slipped 0.2 percent to 4.36 euros.

To contact the reporters on this story: Vidya Root in Paris at vroot@bloomberg.net; James Hertling in Paris at jhertling@bloomberg.net

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

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