Bloomberg News

BASF, Deutsche Bank, Mediaset, UniCredit: Europe Equity Preview

December 13, 2011

Dec. 13 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index rose 0.5 percent to 237.30. The Stoxx 50 Index gained 0.7 percent to 2,303.06. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, slumped 0.4 percent to 2,260.98.

BASF SE (BAS GY), Electricite de France SA (EDF FP), OAO Gazprom (GAZP RM) and Eni SpA (ENI IM) have applied to German authorities to start a joint venture for their planned South Stream pipeline to transport gas to Europe from Russia, Financial Times Deutschland reported, without saying where it obtained the information. BASF shares declined 1 percent to 51.10 euros. EDF lost 2.3 percent to 18.23 euros, while Eni gained 0.6 percent to 15.79 euros.

Deutsche Bank AG (DBK GY) and UniCredit SpA (UCG IM): Deutsche Bank and Italian lender UniCredit’s German division are canceling securities deposit accounts with U.S. customers after new regulations in the country led to higher costs, Financial Times Deutschland reported, without saying where it got the information. Deutsche Bank fell 0.8 percent to 27.76 euros, while UniCredit dropped 3.8 percent to 73 euro cents.

Mediaset SpA (MS IM): Italy’s competition watchdog may give preliminary approval to the broadcaster’s purchase of Digital Multimedia Technologies SpA (DMT IM) on certain conditions, news agency Radiocor reported, citing a document issued by the regulator. Mediaset gained 1.8 percent to 2.09 euros. Digital Multimedia jumped 2.2 percent to 16.30 euros.

Standard Chartered Plc (STAN LN): The U.K.’s second-biggest lender by market value plans to increase takeover financing for Indian companies, as it seeks to gain market share in merger advisory business in emerging markets at the expense of rivals weakened by Europe’s credit crisis. The shares fell 1 percent to 1,406 pence.

--Editors: Jeff Sutherland, Stephen Kleege

To contact the reporter on this story: Ksenia Galouchko in New York at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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