Economic Calendar

Monday, August 25, 2008

Eurazeo, Renault, Terreis and Thales: French Equity Preview

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By Simon Kennedy

Aug. 25 (Bloomberg) -- The following is a list of companies whose stocks may have unusual changes in Paris. Symbols are in parentheses after company names and prices are from the last close.

France's CAC 40 Index added 95.84, or 2.2 percent, to 4,400.45. The SBF 120 Index gained 2.2 percent.

Eurazeo SA (RF FP): The French buyout and investment company and Colony Capital LLC may sell steak-house chain Buffalo Grill SA to a group of funds, Le Figaro reported, without saying where it got the information. The stock rose 1.51 euros, or 2.3 percent, to 66.98 euros.

Renault SA (RNO FP): France's second-largest carmaker expects emerging market vehicle sales to grow an average of 10 percent next year, about half the expected rate for 2008, Chief Executive Officer Carlos Ghosn said. The shares rose 2.7 euros, or 4.7 percent, to 59.2 euros.

Terreis SA (TER FP): The property investment arm of Fonic Groupe agreed to pay 23.5 million euros ($34.8 million) to buy Paris offices from R-SIIC, with the purchase expected to be complete by the end of September. The stock rose 7 cents, or 0.8 percent, to 8.5 euros.

Thales SA (HO FP): The French defense and electronics company's Alenia Space unit signed an arrangement to help develop a satellite to provide broadcast and communications services in Europe. The stock rose 93 cents, or 2.51 percent, to 38.05 euros.

To contact the reporter on this story: Simon Kennedy in Paris at Skennedy4@bloomberg.net


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