Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Banco Espirito, Credit Agricole: European Equity Preview

Don't Miss Out —
Follow us on:

March 30 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index fell 1.3 percent to 260.74. The Stoxx 50 Index decreased 1.2 percent to 2,439.73. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, dropped 1.8 percent to 2,452.74.

Allianz SE (ALV GY): Europe’s biggest insurer offered less than 200 million euros ($266 million) for Groupama SA’s GAN Eurocourtage unit, Financial Times Deutschland reported, citing unidentified people close to the insurance industry. Groupama had wanted to raise 700 million euros from the sale, the newspaper reported. The shares declined 2.3 percent to 89.30 euros.

Banco Espirito Santo SA (BES PL): Portugal’s biggest publicly traded bank in market value had its debt rating lowered one level to Ba3 by Moody’s Investors Service. It took the same action for Banco BPI SA (BPI PL). Espirito Santo dropped 3.2 percent to 1.41 euros. BPI fell 2.3 percent to 50 euro cents.

Brisa-Auto Estradas de Portgual SA (BRI PL): Shareholders with a combined 50 stake of Portugal’s biggest toll-road operator offered to buy the rest of the company in a deal valuing it at 1.6 billion euros. The shares decreased 0.6 percent to 2.35 euros.

Credit Agricole SA (ACA FP): The French bank’s corporate and investment bank entered exclusive talks with Citic Securities Co., China’s largest broker by market value, to sell the remaining 80.1 percent stake in its CLSA brokerage unit. The shares fell 2.8 percent to 4.62 euros.

To contact the reporter on this story: Joseph Ciolli in New York at jciolli@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.