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.
The DAX Index lost 1.3 percent to 7,069.90 in Frankfurt.
Adidas AG (ADS GY): Adidas AG aims to reach a goal of 500 million euros ($719 million) in sales of outdoor products by 2015 without acquisitions, Frankfurter Rundschau reported, citing an interview with Chief Executive Herbert Hainer.
While many outdoor companies are for sale, there are no “really large players” available, Heiner was quoted as saying. The stock lost 1.2 percent to 49.16 euros.
Allianz SE (ALV GY): Allianz Leben’s holdings of government bonds from Portugal, Ireland, Greece and Spain amounts to less than 0.3 percent of the insurers’ total investments, the life insurance unit’s investment chief Joerg Ladwein said in an interview with Welt am Sonntag. The shares added 1.2 percent to 92.27 euros.
Alstria Office REIT-AG (AOX GY): German economic growth and low interest rates as well as concern that inflation will accelerate are driving demand for commercial real estate, Frankurter Allgemeine Sonntagszeitung said, citing an interview with Alstria Office REIT-AG Chief Financial Officer Alexander Dexne.
Financing will remain difficult in the industry for the next three years, while the company has no need for refinancing before 2014, the newspaper cites Dexne as saying. The shares were unchanged at 10.40 euros.
Commerzbank AG (CBK GY): Germany’s second-biggest lender will expand business with small and medium-size enterprises, private clients and investment banking, Welt am Sonntag said, citing an interview with Chief Executive Officer Martin Blessing. The bank is targeting growth in Germany, Eastern Europe and Asia, Blessing is cited as saying.
Commerzbank shares lost 1.4 percent to 3.07 euros.
EON AG (EOAN GY) and RWE AG (RWE GY): Germany’s exit from nuclear power will cost European Union countries as much as 7.5 billion euros ($10.8 billion) a year as prices for emission certificates for carbon dioxide rise by as much as 5 euros per metric ton, Welt am Sonntag said, citing estimates by Manuel Frondel of the RWI institute.
EON shares dropped 2.1 percent to 19.09 euros, while RWE fell 2.3 percent to 38.14 euros.
Porsche Automobil Holding SE (PAH3 GY): Porsche will continue to produce its sports cars exclusively in Germany, Freie Presse said, citing an interview with Chief Executive Officer Matthias Mueller.
The Porsche brand is authentic because it is seen as a German company, the newspaper cites the CEO as saying, rebuffing earlier reports the company was considering factories in the U.S. or China. The stock fell 1.5 percent to 46.97 euros.