Bloomberg News

EADS, Eni, Ferrovial, Repsol, Santander: Europe Equity Preview

June 19, 2011

June 20 (Bloomberg) -- The following companies’ shares may be active in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index rose 0.2 to 267.17. The Stoxx 50 Index gained 0.3 percent to 2,514.10. The Euro Stoxx 50 Index, a benchmark for nations using the euro, rallied 1.5 percent to 2,770.12.

Banco Santander SA (SAN SM): Qatar’s foreign-investment arm held talks about buying a stake in Banco Santander’s U.K. business, the Sunday Times reported, without saying where it got the information. Santander shares jumped 4.3 percent to 7.95 euros.

BASF SE (BAS GY): The world’s biggest chemical company will “significantly increase” its sales and earnings in 2011 and incoming orders continue to be strong, management board member Michael Heinz said in an interview with Swiss newspaper Handelszeitung. The shares added 0.7 percent to 63.29 euros.

Eni SpA (ENI IM): Italy’s biggest oil company may sell about 1 billion euros ($1.43 billion) in bonds to institutional investors, Il Sole 24 Ore reported. Eni may also sell 2 billion euros in bonds in September to retail investors, the newspaper added, saying Eni declined to comment. The stock rose 1.1 percent to 15.99 euros.

Ferrovial SA (FER SM): Spain’s second-largest builder by market capitalization is in talks to sell a 10 percent stake in its U.K. airport-operations business to U.S. infrastructure investor Alinda Capital Partners LLC, the Sunday Times reported, without saying how it got the information. The shares rose 0.8 percent to 8.55 euros.

European Aeronautic, Defence & Space Co. (EAD FP): The French company’s plane-making unit Airbus SAS delayed introduction of its largest A350 wide-body aircraft by 18 months to meet demands for additional range and playload that will put the jet into more direct competition with Boeing Co.’s 777- 300ER. EADS’s shares fell 0.9 percent to 21.44 euros.

Hochtief AG (HOT GY): The German builder may rise after the Sunday Times reported Global Infrastructure Partners, the owner of London’s Gatwick airport, is considering a bid for Hochtief’s airport business. The newspaper didn’t say where it got the information. Hochtief was little-changed at 60.30 euros.

Intesa Sanpaolo SpA (ISP IM): The Italian company’s Banca Fideuram SpA is in talks to buy Banca Network Investimenti SpA, controlled by four partners including Banco Popolare SC, Il Sole 24 Ore said. Intesa shares jumped 4.5 percent to 1.82 euros and shares of Banco Popolare rose 4.2 percent to 1.63 euros.

Repsol YPF SA (REP SM): The Spanish oil company said it agreed set up an $800 million joint venture with Alliance Oil Co. Ltd. to develop output in Russia. The shares rose 1.6 percent to 22.43 euros.

Rhodia SA (RHA FP): A counteroffer for the French chemical company that’s agreed to be acquired by Solvay SA (SOLB BB), is unlikely, Chief Executive Officer Jean-Pierre Clamadieu said in an interview with Investir-Le Journal des Finances. Rhodia’s shares fell 0.2 percent to 31.26 euros.

Rolls-Royce Holdings Plc (RR/ LN): The world’s second- largest maker of jet engines signed an agreement to be the exclusive engine provider for an enhanced version of the Airbus SAS A350-1000 aircraft. The shares rose 0.2 percent to 598.5 pence.

Royal Dutch Shell Plc (RDSA LN): Europe’s largest oil company and its partner Mitsubishi Corp. are preparing to begin a delayed $12.5 billion natural-gas project in Iraq, Hans Nijkamp, vice president and country chairman was cited as saying on the website of Energy Exchange, citing an interview. The shares rose 0.8 percent to 2,122.5 pence.

--Editor: John Simpson

To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net

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


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