Commerzbank, Fuchs, Henkel, Munich Re: German Equity Preview

By Stefanie Haxel

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

The X-DAX Index rose 0.5 percent to 6556.62. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX rose 2.7 percent to 6,518.7.

Air Berlin Plc (AB1 GY): Europe's third-biggest discount airline is scheduled to report second-quarter results. The shares climbed 23 cents, or 6.7 percent, to 3.72 euros.

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.

Freenet AG (FNT GY): Vodafone Group Plc is considered the favorite to buy the digital-subscriber-line business of the mobile-phone and Internet company, Platow Brief reported, without citing anyone. Freenet shares lost 59 cents, or 5.1 percent, to 10.97 euros.

Fuchs Petrolub AG (FPE GY): Germany's largest maker of lubricants is scheduled to release quarterly results. Net income probably gained 6.1 percent to 33 million euros ($51.4 million), according to the median of seven estimates in a Bloomberg News survey. The shares fell 2.20 euros, or 3.7 percent, to 57.46.

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

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 ($929 million) 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.

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.

To contact the reporter on this story: Stefanie Haxel in Frankfurt at shaxel@bloomberg.net.