Bloomberg News

Bankia, Repsol, Royal Bank of Scotland: Europe Equity Preview

January 26, 2012

Jan. 26 (Bloomberg) -- Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index retreated 0.4 percent to 254.95. The Stoxx 50 Index fell 0.8 percent to 2,433.82. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, declined 0.5 percent to 2,421.12.

Bankia SA (BKIA SM): The Spanish lender said in a filing it sold Tasamadrid for 10.8 million euros ($14.2 million), making a capital gain of 5 million euros. The shares fell 0.8 percent to 3.55 euros.

Repsol YPF SA (REP SM): Petroleos Mexicanos said its stake in Spain’s biggest oil company will remain between 5 percent and 10 percent after the companies signed an agreement to form an “industrial alliance.” The shares fell 1.5 percent to 21.56 euros.

Royal Bank of Scotland Group Plc. (RBS LN): Britain’s biggest state-owned lender is nearing an agreement to sell its Hoare Govett corporate broking unit to Jefferies Group Inc. (JEF US), two people with knowledge of the talks said. RBS declined 1.1 percent to 26.75 pence.

Technip SA (TEC FP): The oil services company won a turnkey contract worth more than 900 million euros from a subsidiary of OAO Lukoil (LKOH RX) for the engineering, procurement and construction of a hydrocracking complex in Burgas, Bulgaria. Technip’s share of the contract is worth about 600 million euros. Technip gained 2.9 percent to 71.60 euros.

--Editors: Stephen Kleege, Joanna Ossinger

To contact the reporter on this story: Katia Porzecanski in New York at kporzecansk1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net.


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