Rhodia, BNP Paribas, Areva, Lafuma, Vicat: French Equity Preview
The following is a list of companies whose stocks may have unusual changes in Paris. Symbols are in parentheses after company names and prices are from the last close.
France’s benchmark CAC 40 Index (CAC) rose 1.5 percent to 3,864.58. The broader SBF 120 Index rose 1.4 percent to 2,920.52.
Rhodia SA (RHA) : A takeover offer for the French specialty chemicals maker by Solvay SA will start on June 15 and end July 20, according to an “indicative” calendar, Brussels- based Solvay said. Rhodia shares rose 0.1 percent to 31.27 euros.
BNP Paribas (BNP) SA: B*Capital, an investment management unit of the French bank, was fined by France’s financial markets regulator over what the regular said was inadequate internal controls and record-keeping and missed client notifications. Sandrine Ferre, a spokeswoman for B*Capital, said the group hadn’t decided whether to appeal the decision. BNP shares rose 2.3 percent to 52.61 euros.
Areva SA (AREVA FP): Anne Lauvergeon, chief executive officer of the nuclear reactor maker, told a hearing at the National Assembly in Paris that new financial targets for 2011 and 2012 to be published at the end of the month probably won’t provide “bad surprises.” The shares fell 2.7 percent to 24.36 euros.
Lafuma SA (LAF) : The manufacturer of outdoor clothing and equipment said 72,000 shares will be sold to employees at 19.11 euros each, and warrants will be sold to management. The shares rose 3.8 percent to 23.45 euros.
SA des Ciments Vicat (VCT) : The French cement maker said it received a 480 million-euro ($694 million), five-year revolving credit line to refinance an existing facility. The shares rose 0.4 percent to 58.04 euros.
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