Aedifica, Ascencio, HAL, Telenet Group: 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 Amsterdam Exchanges Index (AEX) slipped 6.32, or 1.8 percent, to 339.21. Belgium’s Bel20 Index (BEL20) declined 46.37, or 1.8 percent, to 2,608.06. Luxembourg’s LuxX Index (LUXXX) fell 0.8 percent to 1,461.95.
HAL Trust (HAL) : Hal Holding NV, the investment firm owned by HAL Trust, said it bought an additional 19.8 percent-stake in Royal Ahrend NV, bringing its total holding to 99 percent.
HAL Holding also reported net asset value increased by 870 million euros ($1.2 billion) in the first nine months. HAL Trust dropped 0.4 percent to 89.10 euros.
Aedifica SA (AED) : Belgium’s biggest residential real-estate investment fund said fiscal first-quarter rental income increased 22 percent to 6.84 million euros and maintained its dividend forecast. Aedifica gained 1.6 percent to 38.81 euros.
Ascencio SCA (ASC) : The commercial real-estate investment fund set up by the Mestdagh family maintained its gross dividend at 2.72 euros a share after fiscal full-year earnings before property revaluations, gains from disposals and markdowns of interest-rate derivatives fell 3.9 percent to 3.21 euros a share. Ascencio rose 1.2 percent to 43.70 euros.
Cie. Auxiliaire des Mines SA (AUX BB): Brederode SA (BREB BB) Shareholders approved a proposed merger of the investment companies effective Dec. 1. Auximines shareholders will receive 32 Brederode shares and 16.30 euros in cash for every share they own. Auximines last traded for 586 euros on Nov. 15. Brederode was unchanged at 18.04 euros.
Telenet Group Holding NV (TNET) : The Belgian cable operator controlled by Liberty Global Inc. said it added 100 million euros to its senior credit facility after Telenet Finance Luxembourg II SA sold 100 million euros of six-year notes which were priced to yield 5.3 percent annually. Telenet sank 3.7 percent to 28.29 euros.
Warehouses Estates Belgium SCA (WEB) : The real-estate investment fund will start raising as much as 30.2 million euros in a stock sale to existing shareholders. Investors are offered three new shares at 35 euros each for every eight they already own. Warehouses Estates last traded for 45.30 euros on Nov. 15 before the subscription rights were detached from the shares.