Bloomberg News

Endesa SA, Xstrata Plc: European Equity Market Preview

April 27, 2012

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

The Stoxx Europe 600 Index rose 0.1 percent to 257.20. The Stoxx 50 Index (SX5P) increased 0.1 percent to 2,410.21. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, declined less than 0.1 percent to 2,322.69.

Endesa SA (ELE SM): The Spanish utility company’s Latin American unit, Enersis SA (ENERSIS), will invest $6.8 billion between 2012 and 2016, a 13 percent increase from the amount budgeted for the 2011-2015 period. The shares fell 1.2 percent to 13.44 euros.

Xstrata Plc (XTA) : The biggest exporter of coal for power stations said it’s seeking to sell its 75 percent stake in the Donkin Coal project in Nova Scotia, Canada. The shares climbed 1 percent to 1,194.5 pence.

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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