Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index fell 0.5 percent to 265.76. The Stoxx 50 Index dropped 0.3 percent to 2,507.84. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, decreased 0.8 percent to 2,748.01.
Areva SA (AREVA FP): The world’s largest builder of nuclear reactors said its solar unit is part of a group selected by the Australian government for a new 250 megawatt solar project. The Australian Commonwealth and Queensland governments said they will contribute $464 million and $75 million respectively to the project. Areva shares fell 3.9 percent to 25.53 euros.
Ausy (OSI FP): The technology consulting company said its German unit is buying 51 percent of Elan GmbH for an undisclosed amount. Elan had revenue in 2010 of 25 million euros. The shares fell 0.2 percent to 24.79 euros.
Cie de Saint-Gobain SA (SGO FP): The French glassmaker pulled the initial public offering of its Verallai packaging unit, a person with knowledge of the matter said. Saint-Gobain fell 0.8 percent to 41.42 euros.
Esker SA (ALESK FP): The business software company said it will pay shareholders a 2010 dividend of 8 cents a share, up from the 5 cents it had proposed. The shares fell 1.9 percent to 6.77 euros.
Ferrovial SA (FER SM): The builder’s plan to sell a 10 percent stake in BAA Airports Ltd. is “advancing positively and is still in a preliminary phase,” a company official said in an e-mailed statement. The shares fell 0.7 percent to 8.49 euros.
Pescanova SA (PVA SM): Novacaixagalicia, a savings bank group, said in a filing to regulators that it sold a 4 percent stake in the seafood processor at 30 euros a share. In a separate filing, Pescanova said it had carried out an equity swap on the same amount of shares. Pescanova shares fell 0.5 percent to 29.55 euros.
Portugal Telecom SGPS SA (PTC PL): Portugal’s biggest phone company may gain after its 14-day relative strength index fell to 13, the lowest in more than a year. A reading below 30 often indicates a stock is poised to rally after a sharp or prolonged decline. Portugal Telecom fell 2.6 percent to 6.77 euros.