Beter Bed, Cofinimmo, Nieuwe Steen: Benelux Equity Preview

The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses, and prices are from the previous close.

The AEX-Index in Amsterdam declined 0.8 percent to 330.46. Belgium’s Bel20 Index fell 1 percent to 2,439.50. Luxembourg’s LuxX Index dropped 1.7 percent to 1,378.79.

Dutch stocks:

Ballast Nedam NV (BALNE NA): The builder of AFC Ajax NV’s soccer stadium may say first-half net income dropped to 1.78 million euros ($2.52 million), according to the average of five analyst estimates compiled by Bloomberg, from 2 million euros a year earlier. The shares increased 0.4 percent to 12.75 euros.

Beter Bed Holding NV (BBED NA): Europe’s largest mattress retailer may say second-quarter sales rose to 86.7 million euros, the average of two analyst estimates compiled by Bloomberg, from 81.7 million euros in the same period a year earlier. The shares fell 2.2 percent to 18.09 euros.

Nieuwe Steen Investments NV (NISTI NA): The Dutch owner of offices and shops will seek shareholders’ approval for its planned merger with VastNed Offices/Industrial NV (VNOI NA) at an extraordinary meeting on Aug. 26. VastNed O/I investors, who will receive 0.897 Nieuwe Steen shares for each share they own under the terms of the transaction, will convene one day earlier, the companies said in a statement. Nieuwe Steen declined 0.5 percent to 13.17 euros. VastNed O/I shares fell 0.5 percent to 11.60 euros.

Belgian stocks:

Cofinimmo SA (COFB BB): Belgium’s biggest real-estate investment fund said it will set up a jointly owned company to build a prison in Leuze-en-Hainaut, Belgium. Cofinimmo will contribute half of the project venture’s equity and buy the remaining stake from its partners upon delivery at the end of 2013. The prison venture will partly fund construction with a short-term loan, to be repaid using proceeds from the sale of 90 percent of the receivables that are due to be paid over a 25-year period. Cofinimmo retreated 0.4 percent to 95.30 euros.

Keyware Technologies NV (KEYW BB): The Belgian supplier of electronic payment terminals said it was profitable in the first half, without giving figures, and forecast a profit for the full year. Keyware shares dropped 1.9 percent to 1.01 euros.

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