Accor, Hi-Media, Sanofi, Vicat, Vinci: French Equity Preview
The following is a list of companies whose shares may have unusual price changes in Paris. Stock symbols are in parentheses after company names. Share prices are from the last close.
France’s CAC 40 Index rose 2.2 percent, to 3,945.07 in Paris. The SBF 120 Index also climbed 1.8 percent.
Accor SA (AC FP) said it sold its 49 percent stake in Groupe Lucien Barriere for 268 million euros. Under a multistep deal between Accor, Fimalac (FIM FP) and Groupe Lucien Barriere, Fimalac will hold 40 percent of Groupe Lucien Barriere while the Desseigne-Barriere will own 60 percent. Accor gained 1.9 percent to 35.80 euros. Fimalac fell 0.8 percent to 31.75 euros.
Hi-Media SA (HIM FP): The maker of pop-up screens for Internet advertising said it signed new contracts with three online game publishers. The shares rose 2.1 percent to 3.85 euros.
Netgem SA (NTG FP): The supplier of set-top television boxes said fourth quarter revenue fell to 27.7 million euros from 30.5 million euros a year earlier. The shares rose 0.3 percent to 3.30 euros.
Sanofi-Aventis SA (SAN FP): The French drugmaker’s proposed bid for Genzyme Corp. won antitrust approval from the European Union. Separately, U.S. regulators said Sanofi-Aventis SA’s top- selling Lantus diabetes treatment hasn’t been linked to increased cancer risks, challenging previous reports. Sanofi- Aventis gained 3.7 percent to 51.25 euros.
Toupargel Groupe SA (TOU FP): The grocery-delivery service operator reported 2010 sales of 351.4 million euros. The shares rose 1 percent to 14.09 euros.
SA des Ciments Vicat (VCT FP): The cement, concrete and aggregate products company completed the refinancing of its debt has been completed, selling $450 million and 60 million euros in debt to U.S. investors. Shares added 0.6 p to 61.93 euros.
Vinci SA (DG FP): The world’s biggest construction company is part of a group that won the 275 million-euro contract to build the tunnels for the Liverpool Street and Whitechapel stations in London. The shares rose 1.2 percent to 40.81 euros.
To contact the reporter on this story: Heather Smith in Paris at firstname.lastname@example.org.
To contact the editor responsible for this story: Anthony Aarons at aaarons@Bloomberg.net.