Bloomberg News

Areva, Bayer, EADS, Shire, UniCredit: European Equity Preview

February 13, 2012

Feb. 13 (Bloomberg) -- The following companies’ shares may be active in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index lost 0.9 percent to 261.24. The Stoxx 50 Index fell 0.9 percent to 2,468.05. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, declined 1.7 percent to 2,480.76.

Alstom SA (ALO FP): The French company and Cofely Besix Facility Management said they won a 13-year contract worth 120 million euros ($158 million) from Dubai’s Road and Transport Authority to provide maintenance for Dubai’s tram system. Alstom fell 1.4 percent to 29.86 euros.

Anheuser-Busch InBev NV (ABI BB): The beer maker may succeed in striking an agreement with Czech brewer Budejovicky Budvar NP for the use of the Budweiser brand as part of a settlement of a century-long trademark dispute between the two companies, Lidove Noviny reported. The shares were down 0.4 percent to 48.54 euros.

Areva SA (AREVA FP): The French maker of nuclear reactors and fuel will supply Electricite de France SA (EDF FP) with as much as 20,000 metric tons of uranium through 2030. EDF may also help finance a new mining project with Areva, the companies said. Areva fell 2.9 percent to 18.40 euros. EDF lost 2.6 percent to 17.98 euros.

Banco de Valencia SA (BVA SM): The Spanish bank that was seized by the Bank of Spain last year posted a 901.2 million- euro loss in the first nine months of 2011, compared with a 62.8 million-euro profit a year earlier. The shares rose 2.6 percent to 39 euro cents.

Bayer AG (BAYN AG): A unit of Germany’s largest drugmaker sued Parsippany, New Jersey-based Watson Pharmaceuticals Inc., accusing the generic-drug maker of violating a patent for Beyaz birth control pills. Bayer declined 1.9 percent to 54.20 euros.

EasyJet Plc (EZJ LN): Three of the U.K. airline’s largest investors, Standard Life Plc, M&G Investment Management Ltd. and Sanderson Asset Management Ltd., will back the company’s board on recommendations for pay, the Sunday Times reported, citing interviews with, and statements from, the fund managers. EasyJet fell 0.3 percent to 458.4 pence.

European Aeronautic Defence & Space Co. (EAD FP): The hairline cracks in the wings of Airbus SAS A380 aircraft may cost its parent as much as 100 million euros ($132 million), Spiegel magazine reported, citing industry sources and unidentified Airbus officials. EADS Shares lost 0.3 percent to 26.75 euros.

France Telecom SA (FTE FP): The French phone company is in talks to purchase part of billionaire Naguib Sawiris’s stake in their Egyptian mobile-phone venture, according to a person familiar with the situation. The shares lost 1.7 percent to 11.25 euros.

Hitechpros SA (ALHIT FP): The French provider of computer- industry services said HTP Manager, a holding company for stock held by Hitechpros management, will make a tender offer for the company after acquiring more than 50 percent of voting rights. Hitechpros fell 6.6 percent to 5.22 euros.

International Consolidated Airlines Group SA (IAG LN): Iberia, the group’s Spanish unit, plans to cancel 271 flights Feb. 17 and Feb. 20 due to a strike by pilots, cabin crews and ground staff, El Economista said. The group’s shares fell 1.3 percent to 177.8 pence.

Intesa Sanpaolo SpA (ISP IM): The Italian bank isn’t considering expansion of its domestic business through acquisitions, Chief Executive Officer Enrico Tommaso Cucchiani told Il Corriere della Sera in an interview. Intesa’s shares were down 3.6 percent to 1.521 euros.

LVMH Moet Hennessy Louis Vuitton SA (MC FP): The luxury goods group’s private equity unit, L Capital Asia, bought a stake in Chinese fashion company Trendy Group, the Sunday Times reported, without citing anyone. Its shares fell 0.2 percent to 123.65 euros.

Shire PLC (SHP LN): The U.K.-based maker of the Adderall XR hyperactivity pill was raised to “buy” from “sell” at Standard & Poor’s, with a 12-month price estimate of 2,500 pence. The shares rose 1.6 percent to 2,214 pence.

UniCredit SpA (UCG IM), Intesa Sanpaolo SpA (ISP IM) and Banca Monte dei Paschi di Siena SpA (BMPS IM): Italy’s biggest banks were among 34 of the country’s lenders that had their ratings cut by Standard & Poor’s. Unicredit fell 4.7 percent to 4.22 euros. Intesa Sanpaolo declined 3.6 percent to 1.52 euros. Monte Paschi rose 0.7 percent to 32 euro cents.

UniCredit SpA (UCG IM): Speculation the Italian bank will sell its HVB Group unit is incorrect, WirtschaftsWoche said, citing an interview with Chief Executive Officer Federico Ghizzoni. Unicredit fell 4.7 percent to 4.22 euros.

Vaodfone Group Plc (VOD LN). The world’s largest mobile- phone company may bid for $1.1 billion Cable & Wireless Worldwide Plc, the Sunday Times reported. Vodafone fell 1 percent to 172.65 pence.

--Editors: Jeff Sutherland, Stephen Kleege

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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