Bloomberg News

ArcelorMittal, DAB Bank, Natixis: European Equity Preview

January 06, 2012

Jan. 6 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index fell 0.9 percent to 247.39. The Stoxx 50 Index declined 0.8 percent to 2,398.55. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, retreated 1.5 percent to 2,315.75.

ArcelorMittal (MT NA): The world’s largest steelmaker said its ArcelorMittal Annaba unit in Algeria isn’t in default. Both shareholders of the unit “will temporarily offer a guarantee in order to solve the immediate situation and to continue normal operations,” ArcelorMittal said in an e-mail. ArcelorMittal Annaba defaulted on a loan that expired Jan. 3, Mohamed Guedha, the unit’s communications director, said earlier by telephone. The shares rose 0.5 percent to 15.02 euros.

DAB Bank AG (DRN GY): The German online bank expects profit growth in 2012, following a slight decline last year, Boersen- Zeitung reported, quoting Chief Executive Officer Markus Gunter in an interview. Gunter based his outlook on new trading opportunities for customers and savings from an investment in the bank’s information technology systems, the newspaper said. The shares fell 2.5 percent to 3.55 euros.

Natixis SA (KN FP): The French bank is considering job cuts at its corporate- and investment-banking unit as it reduces some businesses outside of France because of higher capital requirements, a person with knowledge of the matter said. The shares declined 6.9 percent to 1.96 euros.

--Editors: Jeff Sutherland, Joanna Ossinger

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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