ArcelorMittal, Dexia, Telenet, Unilever: 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.
ArcelorMittal (MT) : The world’s biggest steelmaker may say first-quarter earnings before interest, tax, depreciation and amortization rose to $2.39 billion, the average of 20 analyst estimates compiled by Bloomberg, from $1.89 billion a year earlier. ArcelorMittal increased 2.6 percent to 25.29 euros.
Unilever (UNA NA): The world’s second-biggest consumer- goods company said it completed the $3.7 billion takeover of Alberto Culver Co. after obtaining the necessary regulatory clearances. Unilever rose 1.5 percent to 22.99 euros.
Agfa-Gevaert NV (AGFB) : Europe’s largest maker of prepress products may say first-quarter earnings before interest, tax and special items fell to 38.7 million euros ($55.6 million), the average of three analyst estimates, from 53 million euros a year earlier. Agfa dropped 4.1 percent to 3.25 euros.
Bekaert NV (BEKB BB): The world’s largest maker of steel cord used in tires may say first-quarter sales rose 21 percent to 839 million euros, according to the average of five analyst estimates compiled by Bloomberg. Bekaert gained 1.6 percent to 83.54 euros.
Dexia SA (DEXB) : The lender to local governments that was rescued by France and Belgium may say first-quarter net income dropped to 88.5 million euros, the average of six analyst estimates compiled by Bloomberg, from 216 million euros a year earlier. Dexia declined 1.1 percent to 2.58 euros.
Fluxys (FLUX) SA: The manager of Belgium’s natural-gas grid said it spent 67 million euros in the first quarter out of a 270 million euro investment program for 2011 and reiterated its March 16 forecast for a stable dividend, not taking into account the extraordinary payout of 228 euros a share in December 2010. Fluxys gained 0.7 percent to 2,720.01 euros.
Solvay SA (SOLB) : The world’s largest soda-ash maker obtained approval from French regulator Autorite des Marches Financiers for its planned 31.60 euros-a-share takeover offer for Rhodia SA. Solvay soared 8.3 percent to 108.25 euros.
Telenet Group Holding NV (TNET) : The Belgian cable operator controlled by Liberty Global Inc., whose joint bid with Tecteo Group for Belgium’s fourth so-called 3G wireless license was found admissible, may obtain the spectrum “before the summer,” the nation’s telecommunications regulator said. Telenet retreated 0.1 percent to 32.90 euros.
To contact the editor responsible for this story: Angela Cullen at email@example.com