Arques Industries, Continental AG, IKB: German Equity Preview

By Holger Elfes

Aug. 21 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

The X-DAX Index rose 0.1 percent to 6,308.93. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX rose 0.6 percent to 6,317.80.

Arques Industries AG (AQU GY): The German investment company with stakes in machinery makers reports on second- quarter results. Arques shares fell 8 cents, or 1 percent, to 8.19 euros.

Continental AG (CON GY): Europe's second-largest tiremaker accepted Schaeffler Group's takeover bid after the family-owned ball-bearing maker raised its offer by 7 percent. Continental shares slipped 11 cents, or 0.2 percent, to 73.49 euros.

Ergo Versicherungsgruppe AG (EVG2 GY): The German primary insurer owned by Munich Re plans to expand business to Asia to boost sales, Handelsblatt reported, citing Chief Executive Officer Torsten Oletzky. Ergo shares rose 7 euros, or 5.6 percent, to 132 euros.

IKB Deutsche Industriebank AG (IKB GY): KfW Group will name a preferred buyer for IKB, the country's first casualty of the U.S. subprime mortgage crisis, at a press conference tomorrow at 11 a.m. local time in Frankfurt. Lone Star Funds beat RHJ International SA to win the bidding, Reuters reported. IKB rose 17 cents, or 6.8 percent, to 2.68 euros.

Nordex AG (NDX1 GY): The German wind-turbine maker that's expanding abroad reports on first-half results. Nordex shares fell 6 cents, or 0.3 percent, to 21.79 euros.

To contact the reporter on this story: Holger Elfes in Dusseldorf at helfes@bloomberg.net