Oct. 28 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index rose 3.6 percent to 249.42. The Stoxx 50 Index gained 3.2 percent to 2,362.64. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, jumped 6.1 percent to 2,476.92.
Actividades de Construccion y Servicios SA (ACS SM): The Spanish construction company agreed to sell 93 percent of the company that owns the Extresol II thermosolar plant to GE Energy Financial Services and a fund backed by Germany’s KGAL for 111.1 million euros ($157.6 million). The Madrid-based company rose 3.4 percent to 28.90 euros.
Altarea SCA (ALTA FP): Altarea, controlled by property entrepreneur Alain Taravella, made an offer for French internet retailer Rue du Commerce SA (RDC FP) that values the company at about 100 million euros. Altarea’s offer is 48 percent above yesterday’s share price of 6.08 euros when Rue du Commerce was suspended from trading. Altarea’s shares were unchanged at 129.80 euros.
Areva SA (AREVA FP): The world’s largest provider of nuclear equipment and services said third-quarter sales dropped 2.9 percent to 1.95 billion euros because of disruptions at its waste recycling business. The shares advanced 5.3 percent to 22.50 euros.
Banco Espirito Santo SA (BES PL): Portugal’s biggest publicly traded bank in market value will try to meet capital requirements without tapping the 12 billion-euro recapitalization facility for Portuguese lenders that’s part of the country’s financial assistance program, Chief Executive Officer Ricardo Salgado said. The shares jumped 8.7 percent to 1.58 euros.
Fiat SpA (F IM): The Italian carmaker that owns Chrysler Group LLC said third-quarter profit more than tripled to 851 million euros on higher demand for the American automaker’s vehicles. Fiat gained 4.5 percent to 5.13 euros.
Renault SA (RNO FP): France’s second-biggest carmaker said third-quarter sales rose 12 percent to 9.75 billion euros on higher demand for the Sandero model in Brazil and Russia. The shares climbed 5.6 percent to 30.31 euros.
Telenet Group Holding NV (TNET BB): The Belgian cable operator controlled by Liberty Global Inc. raised its profit forecast as customers sign up to more products and higher-priced broadband Internet and mobile-telephony contracts. Telenet gained 2.8 percent to 29.29 euros.
--Editor: Stephen Kleege
To contact the reporter on this story: Kaitlyn Kiernan in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Nick Baker at email@example.com