Bloomberg News

Accor Hotels, EADS, EDF, Renault: French Equity Preview

October 03, 2011

Oct. 3 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Paris. Stock symbols are in parentheses after company names and prices are from the last close.

France’s benchmark CAC 40 Index fell 1.5 percent to 2,981.96. The SBF120 Index decreased 1.6 percent to 2,280.30.

Accor SA (AC FP): Europe’s largest hotel company said it signed a franchise agreement with Jupiter Hotels, expanding its U.K. network to 300. The shares fell 2.1 percent to 20.15 euros.

EADS NV (EAD FP): Airlines operating the Airbus owner’s A380 superjumbo may be required to modify equipment that connects the plane’s engines to its wings to reduce the risk of fire, safety regulators said. The shares fell 1.8 percent to 21.205 euros.

EDF SA (EDF FP): Italian shareholders of Edison SpA are ready to cede control to Electricite de France SA, France’s largest utility, in exchange for an option to sell their stake and the breakup of unit Edipower, according to two people familiar with the situation. The shares fell 1.5 percent to 21.81 euros.

Renault SA (RNO FP): The car manufacturer won a contract to supply the French state and state-owned postal service with more than 15,000 electric cars, Le Figaro reported, without saying how it obtained the information. The shares fell 3.6 percent to 25.07 euros.

--Editors: Alex Nicholson, Torrey Clark

To contact the reporters on this story: Matthew Campbell in Paris at mcampbell39@bloomberg.net.

To contact the editor responsible for this story: Vidya Root in Paris at vroot@bloomberg.net.


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