Bloomberg News

Aeroports de Paris, Banco Popular, SAP: European Equity Preview

September 20, 2011

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

The Stoxx Europe 600 Index decreased 2.3 percent to 224.96. The Stoxx 50 Index fell 2.1 percent to 2,117.23. The Euro Stoxx 50 Index, a benchmark for nations using the euro, lost 2.9 percent to 2,096.1.

Banco Comercial Portugues SA (BCP PL): BRE Bank SA (BRE PW), the Polish unit of Commerzbank AG, and Intesa Sanpaolo SpA (ISP IM) are among five to six companies that placed initial bids for Bank Millenium SA, the Polish unit that the Portuguese lender is selling, Gazeta Wyborcza reported on its website today, without saying where it got the information. BCP shares lost 4.7 percent to 20 euro cents.

Aeroports de Paris SA (ADP FP): The company said passenger traffic rose 1.4 percent in August from a year ago to 8.36 million at the two Paris airports it runs. The shares fell 1.3 percent to 54.87 euros.

Banco Popular SA (POP SM), Bankia SA (BKIA SM), Bankinter SA (BKT SM), Caixabank SA (CABK SM): Spanish banks may be active as their executives speak at a conference for investors in London. Popular shares lost 1.9 percent to 3.36 euros. Bankia shares slipped 1.6 percent to 3.59 euros. Bankinter shares fell 0.1 percent to 3.90 euros. Caixabank shares rose 2.4 percent to 3.32 euros.

Metro AG (MEO GY): Chief Executive Officer Eckhard Cordes has received the support of the Haniel family, which owns Franz Haniel & Cie GmbH, the retailer’s biggest shareholder, to extend his contract beyond October 2012, Reuters reported, citing a statement by a family spokesman. Metro slipped 0.5 percent to 29.81 euros.

RWE AG (RWE GY) and EON AG (EOAN GY): A Hamburg court said it has suspended a federal tax on companies that use nuclear fuel. An unnamed power plant operator, which asked that the tax be suspended, should be reimbursed the 96 million euros ($131 million) it paid on the levy, according to the statement posted on the court’s website today. RWE declined 2.1 percent to 25 euros and EON fell 2.9 percent at 15.17 euros.

SAP AG (SAP GY): Oracle Corp. was asked by a federal judge to consider revising its request to seek review of a court order overturning a $1.3 billion damage award against SAP, according to court records. SAP fell 2 percent to 36.50.

Zodiac Aerospace SA (ZC FP): The maker of aeronautical equipment said sales rose 38 percent in the year ended August to 2.75 billion euro, and it confirmed its full-year current operating margin target of more than 13 percent. The shares fell 3.1 percent to 54.90 euros.

--Editor: Joanna Ossinger

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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