Bloomberg News

Bilfinger, ThyssenKrupp, TUI May Move: German Equities Preview

September 30, 2011

Sept. 30 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

The benchmark DAX Index advanced 61.16 points, or 1.1 percent, to 5,639.58.

Bilfinger Berger AG (GBF GY): The construction company plans to sell the engineering and services activities of Bilfinger Berger Nigeria, with output volumes of 350 million euros ($475 million), to its minority shareholding Julius Berger Nigeria Plc. Bilfinger shares added 3.1 percent to 57.09 euros.

ThyssenKrupp AG (TKA GY): The German company plans to rename as Inoxum its stainless-steel unit Nirosta and its VDM plant in Werdohl as it prepares to divest itself of the units, Westdeutsche Allgemeine Zeitung reported, without saying where it got the information. The shares advanced 1 percent to 19.42 euros.

TUI AG (TUI1 GY): The German owner of Europe’s largest travel company will increase its Internet operations to become more automated and efficient as it plans to cut 550 jobs, including 400 in Hanover, Germany, Financial Times Deutschland reported, citing TUI Germany’s chief executive officer, Volker Boettcher. The shares rose 1.7 percent to 4.09 euros.

--Editor: Jeff Sutherland

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


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