Bloomberg News

Alstom, Carrefour, Galp Energia, Total: Europe Equity Preview

June 22, 2011

June 22 (Bloomberg) -- Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index advanced 1.4 percent to 269.59. The Stoxx 50 Index climbed 1.3 percent to 2,540.22. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, gained 2 percent to 2,801.99.

Abertis Infraestructuras SA (ABE SM): La Caixa said it would accept Saba Infraestructuras SA shares in lieu of dividends from Abertis Infraestructuras SA. Abertis rose 2 percent to 15.50 euros.

Alstom SA (ALO FP) The world’s third-largest power- equipment maker said it signed an agreement with RusHydro aiming at creating a joint venture that will produce hydro power equipment in Russia. The shares rose 1.2 percent to 42.48 euros.

Aviva Plc (AV/ LN): The U.K.’s second-biggest insurer by market value may announce later this week that it’s agreed to sell its roadside assistance business, RAC, after receiving final offers from BC Partners Ltd., Carlyle Group and Clayton Dubilier & Rice LLC several days ago, Sky News reported without saying where it got the information. The shares gained 2.7 percent to 427.7 pence.

Barclays Plc (BARC LN): The U.K.’s second-largest bank said it may cut all the 659 U.K. employees it inherited with its purchase of the credit-card business Egg. The stock climbed 2.5 percent to 258.9 pence.

Cable & Wireless Worldwide Plc (CW/ LN): The London-based provider of telecommunications services has noted recent press speculation in relation to an approach for its global business division, it said in a statement. Its board “considered and rejected that approach,” it said. The stock jumped 4.4 percent to 51.15 pence.

Carrefour SA (CA FP): The world’s second-largest retailer had its credit rating outlook cut to “negative” from “stable” by Moody’s Investors Service, citing the forecast decline in first-half profitability at the company’s French operations. The shares advanced 1.7 percent to 27.31 euros.

Daimler AG (DAI GY): The world’s largest maker of heavy- duty vehicles plans to sell 20 percent more Mercedes-Benz trucks this year, boosted by demand for a revamped version of the long- haul Actros model. The shares gained 2.1 percent to 48.56 euros.

Deutsche Telekom AG (DTE GY): The U.S. Justice Department asked AT&T Inc. (T US) for additional information on the company’s proposed $39 billion purchase of T-Mobile USA Inc. from Deutsche Telekom. Deutsche Telekom shares rose 1 percent to 10.615 euros.

Galp Energia SGPS SA (GALP PL): June 22 is the last day to buy shares of Portugal’s biggest oil-and-gas company with the rights to the final dividend of 14 euro cents a share. Galp rose 3.1 percent to 15.24 euros.

Glencore International Plc (GLEN LN): The largest listed commodity trader failed to sell $1 billion of shares in the so- called over-allotment option for last month’s $10 billion initial public offering after the stock fell. The shares advanced 3.3 percent to 495.15 pence.

Royal Dutch Shell Plc (RDSA LN): Europe’s largest oil company agreed to acquire 254 petrol retail sites in the U.K. from Rontec Investments LLP for $400 million in cash. The stock rose 2.1 percent to 2,158.5 pence.

Total SA (FP FP): Europe’s third-biggest oil company sold its U.K. service stations to Rontec Investments LLP. The chain includes 810 outlets and Total Butler, a distributor of domestic fuel. The shares gained 2.2 percent to 38.88 euros.

--Editor: Jeff Sutherland

To contact the reporter on this story: Victoria Stilwell in New York at vstilwell@bloomberg.net

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


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