Atlantia, BNP Paribas, Commerzbank: European Equity Preview

By Eric Martin

Aug. 6 (Bloomberg) -- The following companies may have unusual price changes in Europe trading. Stock symbols are in parentheses, and share prices are from the previous close.

Europe's Dow Jones Stoxx 600 gained 2.7 percent to 285.01. The Dow Jones Stoxx 50 Index rose 2.7 percent to 2,898.86. The Euro Stoxx 50 Index, a benchmark for nations using the euro, added 2.8 percent to 3,380.09.

A2A SpA (A2A IM): Italy's largest municipal utility is scheduled to publish first-half results. The shares declined 0.3 percent to 2.30 euros.

Atlantia SpA (ATL IM): Italy's biggest toll-road operator reported first-half profit of 366.6 million euros ($567 million), beating the average analyst estimate by 2.3 percent, as acquisitions and higher tolls offset sluggish traffic growth. The shares gained 11 cents, or 0.6 percent, to 17.11 euros.

BNP Paribas SA (BNP FP): France's biggest bank by market value reports second-quarter earnings before the market opens in Paris. Net income probably fell 33 percent to 1.52 billion euros, according to the median of 13 analyst estimates. The shares added 2.38 euros, or 4 percent, to 61.88.

Commerzbank AG (CBK GY): Germany's second-largest bank will release second-quarter results. Net income probably fell on debt- related writedowns and after last year's earnings were boosted by the sale of its Jupiter fund unit, according to analysts in a Bloomberg survey. The shares rose 1.025 cents, or 4.9 percent, to 21.945 euros.

Continental AG (CON GY): Europe's second-largest tiremaker is in talks with U.S. private-equity firms Apollo Management LP and KKR & Co. to help fend off a hostile takeover by Schaeffler Group, Handelsblatt reported, citing unidentified people in the banking industry. The shares added 26 cents, or 0.4 percent, to 72.21 euros.

Galp Energia SGPS SA (GALP PL): Portugal's biggest oil company may say first-half adjusted net income declined 37 percent to 178.8 million euros on lower refining margins, according to the median estimate of five analysts surveyed by Bloomberg. Galp slipped 31 cents, or 2.7 percent, to 11 euros.

Givaudan SA (GIVN VX): The world's biggest maker of scents and flavors may make further acquisitions, Gilles Andrier, the company's chief executive officer, told Handelszeitung in an interview. Givaudan rose 5.50 Swiss francs, or 0.6 percent, to 883 francs.

Henkel AG & Co. KGaA (HEN3 GY): The maker of Loctite glue and Persil detergent may report second-quarter profit rose on higher glue prices and new hair-care products, according to analysts surveyed by Bloomberg News. Henkel added 1.32 euros, or 5.3 percent, to 26.19.

Iberia Lineas Aereas de Espana SA (IBLA SM): British Airways Plc (BAY LN), which last week said it started talks to merge with Iberia, said it filled less available seating in July as slowing economic growth damped demand for leisure and business travel. Iberia gained 17 cents, or 8.9 percent, to 2.09 euros.

Munich Re (MUV2 GY): The world's largest reinsurer will hold a press conference on second-quarter results. Net income fell to about 600 million euros from 1.16 million euros a year earlier, Munich Re said on July 25, warning of ``substantial'' writedowns on stock investments. The shares gained 3.81 euros, or 3.6 percent, to 110.37.

Nokian Renkaat Oyj (NRE1V FH): The biggest Nordic tiremaker will probably say it had second-quarter net income of 56.7 million euros on revenue of 288.5 million euros, the mean analyst predictions. The stock climbed 2.1 euros, or 7.9 percent, to 28.6.

OMV AG (OMV AV): The Austrian oil company aiming to merge with Hungary's Mol Nyrt. may say second-quarter profit gained 31 percent because of higher earnings from producing oil and natural gas. OMV fell 1.18 euros, or 2.7 percent, to 42.32 euros.

ProSiebenSat.1 Media AG (PSM GY): Germany's biggest private broadcaster is scheduled to report second-quarter results. The shares rallied 66 cents, or 12 percent, to 6.19 euros.

Swiss Re (RUKN VX): The world's second-largest reinsurer said profit dropped 53 percent, more than analysts estimated, after 362 million Swiss francs ($345 million) of writedowns related to credit-default swaps. Swiss Re rose 1.25 Swiss francs, or 1.9 percent, to 66.65.

To contact the reporter on this story: Eric Martin in New York at emartin21@bloomberg.net.