Bloomberg News

Air France-KLM, Benetton Group, Fiat: Europe Equity Preview

February 02, 2012

Feb. 2 (Bloomberg) -- Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index rose 2 percent to 259.51. The Stoxx 50 Index added 1.7 percent to 2,463.23. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, climbed 2.2 percent to 2,470.79.

Air France-KLM (AF FP): Unions for pilots, cabin attendants and ground workers have called on the airline’s employees to strike from Feb. 6 through Feb. 9 to protest a bill going before the French senate that would oblige each employee planning to strike to give 48 hours’ notice. The shares climbed 4.3 percent to 5.06 euros.

Benetton Group SpA (BEN IM): Edizione, the Benetton family’s investment firm, announced a public offer to acquire all the shares of Italy’s largest clothing company it doesn’t own at the price of 4.60 euros a share. The shares were unchanged at 4.05 euros.

Fiat SpA (F IM): The carmaker plans to build at least two new models at its Mirafiori plant in Turin. The Italian company is set to build 280,000 cars a year at its oldest facility, with plans for a new Fiat car from December 2013 and a Jeep model from the second quarter of 2014. The shares gained 5 percent to 4.82 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: Nick Baker at nbaker7@bloomberg.net


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