Bloomberg News

Audi, Heineken, Societe Generale: European Equity Preview

March 13, 2012

The following companies’ shares may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index (SXXP) fell 0.2 percent to 264.87. The Stoxx 50 Index (SX5P) decreased 0.2 percent to 2,484.94. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, slid less than 0.1 percent to 2,514.97.

Audi AG (NSU) : Volkswagen AG (VOW3)’s (VOW3 GY) luxury car maker is in talks to buy Ducati Motor Holding SpA from owner Investindustrial SpA, according to two people familiar with the matter. The company is considering a total price of about 850 million euros ($1.12 billion), said one of the people, who declined to be identified discussing private negotiations. Audi gained 0.7 percent to 600 euros. Volkswagen slid 2.1 percent to 139.80 euros.

Heineken NV (HEIA) : The world’s third-largest brewer raised 1.35 billion euros from its first bond sale in three years after gaining investment-grade status from its first public credit ratings. The shares rose 1.2 percent to 41.23 euros.

Piraeus Bank SA (TPEIR) : Greece’s fourth-biggest lender said 84.2 million euros of preferred securities and 59.7 million euros of lower tier 2 notes were tendered after it offered to repurchase them earlier this month. The shares decreased 9.1 percent to 41 euro cents.

SA des Ciments Vicat (VCT FP): The cement, concrete and aggregate products company reported fiscal year 2011 earnings excluding some items of $164 million, missing the average analyst estimate of $196 million. The shares increased 0.2 percent to 51.32 euros.

Societe Generale SA (GLE) : France’s second-biggest bank was cut to neutral from overweight at HSBC Holdings Plc. The shares fell 1.7 percent to 23.99 euros.

To contact the reporter on this story: Joseph Ciolli in New York at jciolli@bloomberg.net

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


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