BBVA, Clarins, Geox, Fortis, Ryanair: European Equity Preview

By Nadja Brandt

July 28 (Bloomberg) -- The following companies may have unusual price changes in European trading. Stock symbols are in parentheses, and share prices are from the July 25 close.

The Dow Jones Stoxx 600 fell 0.2 percent to 281.76. The Dow Jones Stoxx 50 Index declined 0.1 percent to 2,857.21. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, dropped 0.1 percent to 3,351.13.

Acambis Plc (ACM LN): Sanofi-Aventis SA, France's largest drugmaker, agreed to buy U.K. partner Acambis for 276 million pounds ($549 million) in cash to gain a smallpox vaccine ordered by the U.S. government for use during a terrorist attack. Acambis advanced 1 pence, or 0.9 percent, to 116 pence.

Adidas AG (ADS GY): Adidas will overtake U.S. rival Nike Inc. in China by the end of 2008, WirtschaftsWoche said, citing an interview with the German company's Chief Executive Officer Herbert Hainer. Adidas fell 15 cents or 0.4 percent to 39 euros.

Areva SA (CEI FP): The world's biggest builder of nuclear plants, General Electric Co. and Westinghouse Electric Co. are in talks with India's Larsen & Toubro Ltd. to set up companies to make nuclear-power equipment, the Economic Times reported. Areva dropped 42 cents, or less than 0.1 percent, to 739 euros.

Austriamicrosystems AG (AMS SW): The Austrian chipmaker listed in Switzerland is scheduled to report second-quarter results. The company in April said first-quarter profit fell 8.6 percent as the euro strengthened against the U.S. dollar. The shares climbed 0.3 percent to 36.10 Swiss francs.

BAE Systems Plc (BA/ LN): BAE may announce today its acquisition of Detica Group Plc (DCA LN), the Financial Times reported, and BAE may have offered more than 400 pence a share for the software maker, valuing it at about 500 million pounds ($1 billion). BAE shares fell 1.75 pence, or 0.4 percent, to 445.25 pence. Detica fell 7.75 pence, or 2 percent, to 372.25 pence.

Banco Bilbao Vizcaya Argentaria SA (BBVA SM): Spain's second-biggest bank may post a 4.9 percent increase in second- quarter profit as income from Mexico offsets the impact of rising loan defaults in a stalling economy at home, according to the median estimate in a Bloomberg survey of eight analysts. The shares fell 25 cents, or 2 percent, to 12 euros.

Barclays Plc (BARC LN): Swiss Reinsurance Co., Switzerland's largest reinsurer, is considering buying Barclays's life assurance arm, which has more than 7 billion pounds ($13.9 billion) under management, the Sunday Times reported, without citing anyone. Barclays advanced 8.5 pence, or 2.4 percent, to 356.5 pence.

Bayerische Motoren Werke AG (BMW GY): BMW is preparing the sale of its Cirquent IT unit, Euro am Sonntag reported, citing people with information on the possible deal. NTT Data Corp. of Japan is a potential buyer, Euro said. BMW rose 20 cents or 0.7 percent to 30.68 euros.

British Energy Group Plc (BGY LN): British Energy Group and Electricite de France SA have reached an agreement in principle on the terms of an offer for the U.K.'s biggest power producer, the Guardian newspaper reported. The offer of about 775 pence a share would value the company in which the U.K. government has a 35 percent stake at about 12.4 billion pounds, the report said, without saying where it got the information. British Energy fell 2 pence, or 0.3 percent, to 726.5 pence.

Carrefour SA (CA FP): The French supermarket group plans to hold an extraordinary shareholder meeting to approve its new management structure. The shares advanced 2 percent to 35 euros.

Clarins SA (CLR FP): The maker of $70 skin-creams and Thierry Mugler perfumes is scheduled to report second-half sales after the market closes. The shares increased 0.2 percent to 55.49 euros.

Colruyt NV (COLR BB): Belgium's biggest discount food retailer plans to release fiscal first-quarter sales. The shares dropped 1.1 percent to 166.46 euros.

Credit Suisse Group (CSGN VX): Switzerland's second-biggest bank is discussing with the country's banking regulators about the amount of assets banks should have in relation to their equity, Finanz & Wirtschaft said, citing an interview with Chief Financial Officer Renato Fassbind. The shares fell 1.9 francs, or 3.6 percent, to 50.65.

Deutsche Bank AG (DBK GY): Deutsche Bank may not bid for Deutsche Postbank AG, Focus magazine reported, citing people it didn't identify close to Deutsche Bank's management board. Deutsche Bank fell 63 cents or 1.1 percent to 59.57 euros.

Deutsche Telekom AG (DTE GY): Deutsche Telekom's T-Systems unit may face a strike if jobs aren't cut in a socially responsible manner, Euro am Sonntag said, citing Ver.di labor union management-board member Lothar Schroeder. Telekom rose 17 cents or 1.58 percent to 10.93 euros.

Geox SpA (GEO IM): The Italian shoemaker that patented ventilated soles is scheduled to report first-half results and hold an analyst presentation. The shares fell less than 0.1 percent to 7.04 euros.

Groupe Danone SA (BN FP): The world's largest yogurt maker will start producing low-cost yogurts to meet the needs of less- rich consumers, Chief Executive Officer Franck Riboud told Le Figaro. The shares increased 3.44 euros, or 7.7 percent, to 48.29.

Electricite de France SA (EDF FP): EDF will sell 25 percent of British Energy Group Plc to Centrica Plc to seal a 12.4 billion-pound ($24.7 billion) takeover of the U.K.'s biggest power producer this week, the Financial Mail reported, without saying where it got the information.

British Energy will offer investors a share of future profits linked to power output and the price of electricity to clear the way for a takeover by EDF, the Sunday Times said, citing people close to the talks. EDF added 2.9 euros, or 5.6 percent, to 54.35.

Fortis NV (FORA NA): The Belgian financial-services company that ousted Chief Executive Officer Jean-Paul Votron will be forced to hold an extraordinary shareholders meeting to answer questions from investors if it doesn't call for one itself this week, De Telegraaf reported, citing an interview with the head of Dutch shareholders association VEB. Fortis shares fell 43 cents, or 4.3 percent, to 9.60 euros.

Infineon Technologies AG (IFX GY): Infineon Technologies has `no taboos' on its sale of a stake in Qimonda AG, Sueddeutsche Zeitung reported, citing an interview with Chief Executive Officer Peter Bauer. Infineon rose 25 cents or 5.3 percent to 5.085 euros.

Lloyds TSB Group Plc (LLOY LN): Lloyds TSB Group has put its autolease unit, the U.K.'s second-biggest car-leasing company, up for sale, which could see the bank gaining potentially ``hundreds of millions'' of pounds, the Financial Mail reported, without saying where it got the information. Lloyds TSB declined 6.75 pence, or 2 percent, to 331.25 pence.

Mediobanca SpA (MB IM): Alberto Nagel, chief executive officer of Italy's biggest investment bank, may quit if a plan to abandon the lender's dual-governance system results in less independence for management, la Repubblica reported. Renato Pagliaro, chairman of the management board, may also leave if discussions on the bank's system of separate management and supervisory boards lead to reduced autonomy, the daily said. The stock fell 2 cents, or 0.2 percent, to 10.42 euros.

Novartis AG (NOVN VX): A U.S. unit of the drugmaker sued Israeli generic-drug maker Teva Pharmaceutical Industries Ltd. for allegedly infringing a patent for Zometa and Reclast, medicines used to strengthen bones. Novartis lost 65 centimes, or 1.1 percent, to 61.35 francs.

Porsche SE (POR3 GY): Porsche SE may report a net profit of 11 billion euros ($17.3 billion) in the year to July 31 on sales of 8.6 billion euros, Der Spiegel reported, citing analysts and unidentified Porsche managers. Porsche rose 76 cents or .8 percent to 98.62 euros.

PKN Orlen SA (PKN PW): Poland's largest oil company wants to reach an agreement with Lithuania's government on buying a stake in state-owned AB Klaipedos Nafta before the Baltic country's parliamentary elections in October, the Wall Street Journal Polska said, citing an interview with Chief Executive Officer Wojciech Heydel.

Separately, Rzeczpospolita daily said Orlen may sign a five- year contract worth more than 1 billion zloty with rapeseed-oil producer Komagra Sp. z o.o. Orlen fell 1.5 percent to 36 zloty.

Royal Bank of Scotland Group Plc (RBS LN): Royal Bank of Scotland Group Plc may abandon the sale of its U.K. insurance division because of waning interest from buyers, the Financial Mail said, without saying where it got the information. The Royal Bank declined 4.25 pence, or 1.9 percent, to 215 pence.

Ryanair Holdings Plc (RYA ID): Europe's biggest discount airline is scheduled to post fiscal first-quarter results. Profit may have declined 63 percent because of higher fuel expenses, according to analysts surveyed by Bloomberg News. The shares dropped 1.9 percent to 3.23 euros.

Sanofi-Aventis SA (SAN FP): France's largest drugmaker agreed to buy U.K. partner Acambis Plc for 276 million pounds ($549 million) in cash to gain a smallpox vaccine ordered by the U.S. government for use during a terrorist attack. Sanofi added 82 cents, or 1.8 percent, to 47.2 euros.

Telecom Italia SpA (TIT IM): Chief Executive Officer Franco Bernabe may be named chairman and replaced as CEO, la Stampa reported, citing people it didn't identify. Telecom Italia fell 1 cent, or 1.1 percent, to 1.22 euros.

TNK-BP (TNBP RU): Moscow City Prosecutor's Office won't press charges against TNK-BP Chief Executive Officer Robert Dudley after examining claims against him for violations of labor and migration law, Interfax reported, citing an official it didn't identify.

Dudley left Russia July 24 because of ``sustained pressure'' in a dispute with a group of Russian billionaire investors who want control of the company, BP Plc said the same day.

Separately, BP CEO Tony Hayward plans to fight the billionaires to preserve his company's investment in the oil venture, the London-based Times reported, citing an interview with Hayward. TNK-BP fell 2.3 percent to $1.925.

UBS AG (UBSN VX): The world's largest wealth manager said it placed an employee on administrative leave after the Wall Street Journal reported the Swiss bank suspended U.S. fixed-income chief David Shulman.

``We did place an employee on administrative leave last week but we decline to identify the employee,'' Tatiana Togni, a spokeswoman for UBS in Zurich, told Bloomberg News. Shulman remains head of fixed income, added Karina Byrne, a spokeswoman in New York. The shares fell 1.4 francs, or 6.1 percent, to 21.6.

Volkswagen AG (VOW GY): Volkswagen is sticking to its plan to build a factory in Tennessee, Handelsblatt said, citing an interview with Chief Financial Officer Hans Dieter Poetsch. Volkswagen rose 2.31 euros or 1.1 percent to 206.09 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net