Bloomberg News

BASF, Iberdrola, ThyssenKrupp, Vivendi: Europe Equity Preview

July 05, 2011

July 5 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index rose 0.2 percent to 275.54. The Stoxx 50 Index increased 0.1 percent to 2,581.97. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, dropped 0.2 percent to 2,870.19.

BASF SE (BAS GY): The world’s biggest chemical maker may be paid 600 million euros ($872 million) by Ineos Group Holdings for contributing greater assets to a styrene joint venture, Financial Times Deutschland reported, citing company calculations. The stock fell 0.2 percent to 67.70 euros.

Deutsche Bank AG (DBK GY): Anshu Jain, head of the corporate and investment banking unit at Germany’s biggest lender, is the clear favorite to succeed Chief Executive Officer Josef Ackermann, Die Welt reported, citing no one. The stock fell 0.7 percent to 41.52 euros.

Deutsche Telekom AG (DTE GY): Europe’s largest phone company named a McKinsey & Co. executive to run European operations and a politician to take charge of personnel. The shares rose 0.1 percent to 10.70 euros.

EDP-Energias de Portugal SA (EDP PL): The biggest power company in the country may be active after Portugal water reserves declined to 61 percent of the storage capacity as of July 3 compared with 63.4 percent a week ago, according to Lisbon-based grid operator REN-Redes Energeticas Nacionais SA. EDP stock rose 1.5 percent to 2.53 euros.

Iberdrola SA (IBE SM): Spain’s largest power company said in a filing it completed its share buyback program. The stock fell 0.3 percent to 6.20 euros.

JCDecaux SA (DEC FP): The world’s second-largest seller of outdoor advertising created a 50/50 joint venture with Aeroports de Paris. The shares rose 0.6 percent to 22.59 euros.

Kesa Electricals Plc (KESA LN): Knight Vinke Asset Management LLC said it wouldn’t support a closure or liquidation of the electronic retailer’s U.K. Comet chain if there were other alternatives. The largest shareholder in Kesa also said it wouldn’t object to Kesa selling Comet. Kesa’s shares retreated 0.2 percent to 137.7 pence.

Publicis Groupe SA (PUB FP): The advertising company bought the 60 percent stake in Swiss advertising agency Spillmann/Felser/Leo Burnett it doesn’t already own. The shares rose 1.5 percent to 38.96 euros.

ThyssenKrupp AG (TKA GY): Germany’s largest steelmaker is likely to work with Citigroup Inc. and Deutsche Bank AG on a plan to sell shares in or divest itself of its stainless steel unit as the company cuts debt, said two people familiar with the matter. The stock fell 1 percent to 34.93 euros.

Vivendi SA (VIV FP): The owner of the world’s largest music and video-game companies raised 1.75 billion euros ($2.5 billion) from its first bond sale in more than a year. The shares fell 0.2 percent to 19.02 euros.

--Editor: Jeff Sutherland

To contact the reporter on this story: Jeff Sutherland in New York at Jsutherlan13@bloomberg.net

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


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