Altran, Carrefour, Klepierre, Sanofi, SEB: French Equity Preview
The following companies’ shares may be active in Paris. Symbols are in parentheses after company names and prices are from the last close.
France’s CAC 40 Index slipped 4.44, or 0.1 percent, to 4,018.85. The SBF 120 Index also declined 0.1 percent.
Altran SA (ALT FP): Yves de Chaisemartin, chief executive officer of the French engineering company, has no intention of stepping down even after calls from some shareholders for a management change, according to Le Journal du Dimanche, citing comments by the executive. Shares in the company gained 0.6 percent to 5.28 euros.
Archos (JXR) SA: The manufacturer of computer peripherals and digital entertainment products said it raised 30.4 million euros ($43 million) by selling new shares in an offer that ended May 4. The shares will begin trading May 18, the company said in a statement after the market closed on May 13. The stock lost 1.7 percent to 9.26 euros.
Carrefour SA (CA) : The world’s second-largest retailer said it obtained an initial nod from Spanish stock-market authorities for the listing of its Dia hard-discount chain. Dia shares are scheduled to begin trading in Madrid on July 5, Carrefour, based in the Paris suburb of Levallois-Perret, said in a statement on May 13. Its shareholders will vote on the listing during an extraordinary meeting on June 21 and the company will present Dia’s strategy and prospects at an investor day on May 17, Carrefour said. The shares added 0.3 percent to 30.61 euros.
Canal Plus SA (AN FP): The pay-television unit of Vivendi SA reported a 3 percent increase in first-quarter sales to 460 million euros. The stock dropped 0.2 percent to 5.57 euros.
Cie. de Saint-Gobain SA (SGO FP): The glass and ceramics maker company is selling shares in its packaging unit, Verallia, in an initial public offering in Paris, according to terms of the sale obtained by Bloomberg News. Shares in Saint-Gobain fell 1.5 percent to 45.16 euros.
Fonciere des Regions (FDR) : The real estate company said it will sell as much as 550 million euros in bonds to refinance existing credit lines. The sale will be for an initial amount of 480 million euros, the company said in a statement on the Les Echos website. The shares gained 0.1 percent to 71.75 euros.
Index Multimedia (MUL) SA: The telephone services company’s fiscal third-quarter revenue slipped 14 percent to 3.2 million euros. The company said it expects to “accelerate its profitable growth” in future. The shares lost 0.7 percent to 1.34 euros.
Klepierre (LI) SA: Europe’s second-largest shopping- center owner ruled out acquisitions and is betting on internal growth, Investir reported May 14, citing Chief Executive Officer Laurent Morel. Shares in the company slipped 0.2 percent to 27.62 euros.
Sanofi (SAN FP): Glenmark Pharmaceuticals Ltd.’s unit signed an agreement granting France’s largest drugmaker a license to develop a monoclonal antibody GBR 500, according to a statement today on the Bombay Stock Exchange. Shares in Sanofi added 0.5 percent to 56.26 euros.
SEB SA (SK) : The world’s largest maker of countertop kitchen appliances bought control of Vietnam’s Asia Fan for an undisclosed sum. Following the purchase, the company owns 65 percent of Asia Fan, which had 2010 sales of about 11 million euros, SEB said. The shares declined 0.7 percent to 73.55 euros.
To contact the editor responsible for this story: Phil Serafino at firstname.lastname@example.org