Bloomberg News

Deutsche Bank, Eurasian, ThyssenKrupp: Europe Equity Preview

February 01, 2012

Feb. 1 (Bloomberg) -- Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index rose 0.8 percent to 254.41. The Stoxx 50 Index added 0.5 percent to 2,422.28. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, climbed 0.5 percent to 2,416.66.

Deutsche Bank AG (DBK GY): Macquarie Group Ltd., Australia’s biggest investment bank, is vying with at least three companies to buy asset-management divisions from Germany’s biggest lender, said two people with knowledge of the matter. The shares advanced 0.4 percent to 32.39 euros.

Eurasian Natural Resources Corp. (ENRC LN): Moody’s Investors Service downgraded the London-based miner to Ba3 from Ba2 and changed its outlook to “negative” from “stable.” The shares fell 1.4 percent to 690.5 pence.

ThyssenKrupp AG (TKA GY): Germany’s largest steelmaker said its supervisory board has approved the sale of its stainless steel business Inoxum to Finland’s Outokumpu Oyj in a deal valued at about 2.7 billion euros ($3.5 billion). ThyssenKrupp will retain a 29.9 percent stake in the business. ThyssenKrupp shares advanced 2.7 percent to 21.67 euros.

--Editor: Jeff Sutherland

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net


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