Casino Guichard, Fondiaria-SAI, LVMH: Europe Equity Preview

Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index retreated 0.8 percent to 264.59. The Stoxx 50 Index fell 0.9 percent to 2,488.69. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, declined 0.9 percent to 2,519.

Casino Guichard-Perrachon SA (CO FP): The French supermarket operator is disputing the 1.35 billion-euro ($1.79 billion) price Galeries Lafayette SA has set for its stake in Monoprix supermarkets. Casino’s advisers set the price at 700 million euros.

Casino Guichard fell 1.1 percent to 72.65 euros.

Commerzbank AG (CBK GY): The European Commission is considering extending a ban on acquisitions by Germany’s second-largest lender beyond April of this year, Handelsblatt reported, citing unidentified government and banking officials. The shares fell 3.3 percent to 2.07 euros.

Deutsche Bank AG (DBK GY): Germany’s largest lender will renew efforts to sell its BHF-Bank AG unit to investor RHJ International (RHJI BB) this month, Financial Times Deutschland reported, without saying where it obtained the information. Deutsche Bank fell 2.4 percent to 33.04 euros. RHJ International rose 0.9 percent to 4.43 euros.

Fondiaria-SAI SpA (FSA IM): Private-equity fund Sator Capital Limited and Palladio Finanziaria SpA said they want to obtain 60 percent of the biggest investor in the insurer. They said they offered to invest as much as 450 million euros in the Ligresti family holding company Premafin Finanziaria SpA (PF IM). Fondiaria, Italy’s second-largest insurer, gained 4.8 percent to 1.69 euros. Premafin fell 1.4 percent to 28 euro cents.

LVMH Moet Hennessy Louis Vuitton SA (MC FP): Moet Hennessy, the wine and spirits division of the luxury goods group, signed a joint venture accord with China’s VATS Group to build a winery in southwest China’s Yunnan province. The shares fell 1.2 percent to 126.10 euros.

Societe Generale SA (GLE FP): France’s second-largest lender’s corporate and investment banking division named Diony Lebot as head of the financing and investment bank of western Europe. Societe Generale retreated 4.4 percent to 23.23 euros.

Total SA (FP FP): The oil and gas company and affiliated companies agreed to pay the U.S. $15 million to resolve claims they knowingly underpaid royalties owed on natural gas produced from federal and Indian leases, the U.S. Justice Department said. Total gained 0.1 percent to 41.85 euros.

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