Allianz, Munich Re, United Internet, RWE: German Equity Preview

By Nicholas Comfort

Sept. 17 (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 0.3 percent to 6,015.76. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX fell 1.6 percent to 5,965.17.

Allianz SE (ALV GY): Europe's biggest insurer said it has about 400 million euros ($568 million) of potential losses on investments related to Lehman Brothers Holdings Inc. Allianz fell 5.83 euros, or 5.6 percent, to 98.06 euros.

Bayer AG (BAY GY): Klaus Kuehn, Chief Financial Officer of Germany's largest drugmaker, says takeovers like that of Continental AG by Schaeffler Group will continue to take place if the relevant laws aren't changed, Boersen-Zeitung reported, citing an interview. Bayer added 37 cents, or 0.7 percent, to 56.31 euros.

Deutsche Post AG (DPW GY): Europe's biggest mail carrier will cut over 10 percent of the 925 jobs at its information- technology center in Scottsdale, Arizona, Handelsblatt reported. The stock fell 25 cents, or 1.5 percent, to 15.91 euros.

Munich Re (MUV2 GY): The world's biggest reinsurer said would be interested in acquiring parts of U.S. insurer American International Group Inc. Munich Re fell 3.63 euros, or 3.7 percent, to 95.77 euros.

United Internet AG (UTDI GY): Germany's third-largest Web- access provider said Chief Executive Officer Ralph Dommermuth purchased shares in the company worth 8.9 million euros ($12.6 million). The stock added 6 cents, or 0.7 percent, to 8.70 euros.

RWE AG (RWE GY): Germany's second-largest utility's U.K. renewable energy unit bought a grid-connection contract for a proposed 1,500-megawatt wind farm off England's west coast from Farm Energy Ltd. RWE tumbled 2.49 euros, or 3.8 percent, to 63.79 euros.

SAP AG (SAP GY): Henning Kagermann, chief executive officer of the world's largest maker of business-management software, predicted double-digit growth in the company's German business this year. The stock gained 1.45 euros, or 3.8 percent, to 39.60 euros.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net