Bloomberg News

Adidas, Aer Lingus, Dexia, EON, HMV, VW: Europe Equity Preview

January 09, 2012

Jan. 9 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index rose 0.1 percent to 247.53. The Stoxx 50 Index gained 0.1 percent to 2,400.15. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, retreated 0.7 percent to 2,298.65.

Adidas AG (ADS GY): The German sportswear maker expects to increase sales of soccer products this year to more than the record 1.5 billion euros ($1.9 billion) posted in 2010 as the European Cup boosts demand, Chief Financial Officer Robin Stalker told Boersen-Zeitung in an interview. Adidas slipped 1 percent to 51.77 euros.

Aer Lingus Group Plc (AERL ID): Ireland has no plans to discuss the sale of its stake in the Irish carrier to Abu Dhabi- based Etihad Airways, a spokesman said. The shares rose 0.8 percent to 65 cents.

Air France-KLM Group (AF FP): Boeing Co.’s new order for 25 composite-plastic Dreamliners is with Europe’s biggest airline, which agreed to buy the jets more than three months ago without signing the purchase, a person familiar with the plan said. Air France gained 3.9 percent to 3.96 euros.

Dexia SA (DEXB BB): France’s shareholding agency head Jean- Dominique Comolli rejected Dexia Chief Executive Officer Pierre Mariani’s proposal that the government nationalize the lender’s French units Dexia Credit Local and Dexma, Le Figaro said, citing an unidentified participant at the meeting. Dexia was little changed at 29.2 cents.

EON AG (EOAN GR): Germany’s biggest utility has at least five potential bidder groups for its gas distribution network and is asking them to indicate interest by Jan. 20, Reuters reported, citing an unidentified banker. EON fell 0.1 percent to 17.11 euros.

Fraport AG (FRA GY): The owner of Frankfurt airport has abandoned plans to bid for 20-year concessions to run Spain’s largest airports because of “difficult” market conditions, Cinco Dias reported, citing an unidentified company spokesman. Fraport rose 3.1 percent to 40.10 euros.

Genel Energy Plc (GENL LN): The U.K. energy company will pay $70 million to buy a 40 percent share of the Chia Surkh oilfield in northern Iraq from Longford Energy Inc., the Sunday Times reported. Genel fell 1.9 percent to 751.5 pence.

HMV Group Plc (HMV LN): Warner Music Group Corp., Sony Corp. and private-equity firm Exponent are among potential buyers of HMV’s Live unit, the Sunday Telegraph reported, without saying where it got the information. HMV fell 3.2 percent to 3 pence.

Novartis AG (NOVN VX): Switzerland’s biggest drugmaker said it is voluntarily recalling some over-the-counter products in the U.S. over consumer complaints. The recall is estimated to result in a one-time charge of $120 million, the company said in a statement. The shares rose 0.6 percent to 54.70 francs.

Royal Bank of Scotland Group Plc (RBS LN): The U.K. lender may combine its investment banking and global transactions services divisions, the Sunday Telegraph reported, without citing anyone. RBS gained 1.2 percent to 20.51 pounds.

Solarhybrid AG (SHL GY): The German solar-park developer is building the first phase of Italy’s largest project in Puglia without external funding while it seeks financing for the rest, Chief Financial Officer Albert Klein said. Solarhybrid climbed 3 percent to 5.72 euros.

UniCredit SpA (UCG IM): Banco di Sicilia foundation won’t take part in Unicredit’s planned share sale, la Repubblica reported, citing Chairman Giovanni Puglisi. Unicredit fell 11 percent to 3.98 euros.

Volkswagen AG (VOW GY): Europe’s biggest carmaker plans to invest in technology for lighter and more fuel-efficient cars to avoid becoming embroiled in pricing battles with competitors amid potentially weakening demand, Automobilwoche reported, citing an internal memo. Volkswagen fell 1.3 percent to 110.71 euros.

--Editors: Jeff Sutherland, Joanna Ossinger

To contact the reporters on this story: Ksenia Galouchko in New York at kgalouchko1@bloomberg.net; Jason Webb in London at jwebb25@bloomberg.net

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


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