Bloomberg News

Lagardere, Lanxess, Neopost, Parmalat: Europe Equity Preview

June 01, 2011

June 1 (Bloomberg) -- Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index climbed 0.8 percent to 281.06. The Stoxx 50 Index gained 0.7 percent to 2,631.87. The Euro Stoxx 50 Index, a benchmark for nations using the euro, advanced 1.7 percent to 2,861.92.

Lagardere SCA (MMB FP): The publisher said it completed the sale of the majority of its international magazines to Hearst Corp. The shares rose 0.5 percent to 28.38 euros.

Lanxess AG (LXS GY): The Leverkusen-based chemical maker may buy Belgian company Taminco NV from CVC Capital Partners Ltd. for about 1 billion euros, Financial Times Deutschland reported, citing people in the financial markets it didn’t name. The shares rose 3 percent to 59.99 euros.

Neopost SA (NEO FP): The supplier of mailroom equipment had first-quarter revenue of 234.2 million euros, compared with 227 million euros a year earlier. It reiterated its target for an operating margin of 25.5 percent to 26 percent of sales for 2011. The shares of Neopost fell 1.1 percent to 62.22 euros.

Parmalat SpA (PLT IM): Italy’s biggest dairy company said Intesa Sanpaolo SpA withdrew a list of candidates for Parmalat’s board. Parmalat made the announcement in a stock-exchange statement. The bank had proposed Parmalat Chief Executive Officer Enrico Bondi in its board list. The shares fell 0.2 percent to 2.58 euros.

Terna SpA (TRN IM): The owner of Italy’s power grid said it won’t seek to produce or sell energy in a way that would violate the country’s laws and will work to resolve outstanding issues, after the government ruled today it cannot generate solar energy. The shares rose 0.4 percent to 3.39 euros.

--Editor: Stephen Kleege

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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