Bloomberg News

Alcatel, BMW, HSBC, Renault, RWE, Shell: Europe Equity Preview

September 04, 2011

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

The Stoxx Europe 600 Index fell 2.4 percent to 233.11. The Stoxx 50 Index lost 2.4 percent to 2,202.47. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, dropped 3.7 percent to 2,220.72.

Alcatel-Lucent (ALU FP): Permira Advisers LLP is in talks to buy Alcatel-Lucent’s Genesys software unit after the buyout firm decided against a takeover of the entire enterprise unit, according to a person with direct knowledge of the situation. Alcatel-Lucent shares fell 4.1 percent to 2.55 euros.

Allied Irish Banks Plc (ALBK ID): Prescient Securities, a South African asset manager, may buy Allied Irish Banks Plc’s investment unit, the Sunday Times said, without citing anyone. The shares dropped 2.2 percent to 0.045 euros.

Barclays Plc (BARC LN): The bank was among a group of 17 financial institutions sued by the U.S. to recoup $196 billion spent on mortgage-backed securities bought by Fannie Mae and Freddie Mac. The shares plunged 8.4 percent to 165.2 pence.

Bayerische Motoren Werke AG (BMW GY): The world’s largest maker of luxury vehicles is maintaining its 2011 targets and doesn’t see any impact on demand from concern about an economic slowdown, Frankfurter Allgemeine Sonntagszeitung reported, citing an interview with Chief Financial Officer Friedrich Eichiner. The shares dropped 4.7 percent to 54.22 euros.

Belgacom SA (BELG BB): The biggest Belgian telephone company’s Chief Executive Officer Didier Bellens said a tie-up with Royal KPN NV (KPN NA) may make sense, L’Echo said. Belgacom dropped 1.1 percent to 23.01 euros in Brussels, while KPN lost 1 percent to 9.88 euros in Amsterdam.

Charter International Plc (CHTR LN): Colfax Corp. said it is in preliminary discussions regarding a possible all-cash offer to acquire Charter International Plc. A transaction would be financed with a combination of cash, new debt and new equity, it said in a statement. The stock fell 1.7 percent to 785.5 pence.

Electricite de France SA (EDF FP): Italian Industry Minister Paolo Romani said he will meet with EDF Chief Executive Officer Henri Proglio to discuss ownership reorganization at Edison SpA. The shares declined 3.2 percent to 20.95 euros.

HSBC Holdings Plc (HSBA LN): The U.K. tax agency is investigating almost 800 British holders of HSBC Holdings Plc accounts in Switzerland on suspicion of tax fraud, the Sunday Times said. The shares dropped 2.6 percent to 524.5 pence.

International Consolidated Airlines Group SA (IAG LN): The British Airways owner has appointed JPMorgan Chase & Co. to advise on a potential bid for Portuguese airline TAP SGPS SA, the Financial Times reported, citing unidentified people close to the matter. The stock declined 5.1 percent to 167 pence.

Renault SA (RNO FP): The French auto-maker needs to develop in the premium-car segment to highlight its capabilities and better use the company’s Formula 1 successes, Chief Operating Officer Carlos Tavares told Le Figaro. Renault shares dropped 5.4 percent to 26.48 euros.

Royal Dutch Shell Plc (RDSA NA): Europe’s biggest oil company stopped production from some subsea wells in the Gulf of Mexico because of weather conditions. Shell slid 1.3 percent to 23.21 euros.

RWE AG (RWE GY): The German utility has appointed advisers to review its stake in Urenco, a nuclear power company the German utility owns with the U.K. and Dutch governments and rival EON AG, the Sunday Telegraph reported, citing an unidentified person with knowledge of the situation. The stock dropped 4.2 percent to 24.38 euros.

Societe Generale SA (GLE FP): France’s second-largest bank by market value was among 17 lenders sued by the U.S. Federal Housing Finance Agency to recoup $196 billion spent on mortgage- backed securities bought by Fannie Mae and Freddie Mac. Societe Generale shares fell 6.7 percent to 22.17 euros.

--Editors: Mike Harrison, Ben Livesey

ALBK ID <Equity> CN BARC LN <Equity> CN BMW GY <Equity> CN CHTR LN <Equity> CN HSBA LN <Equity> CN IAG LN <Equity> CN RWE GY <Equity> CN ALU FP <Equity> CN BELG BB <Equity> CN KPN NA <Equity> CN EDF FP <Equity> CN RNO FP <Equity> CN RDSA NA <Equity> CN

To contact the reporter on this story: Victoria Taylor in New York at vtaylor6@bloomberg.net

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net


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