Allianz SE, Colonia Real Estate AG, IVG: German Equity Preview

By Nadja Brandt and Henrietta Rumberger

Sept. 3 (Bloomberg) -- The following companies may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

DAX Futures expiring in September dropped 51.5, or 0.8 percent, to 6,468.5 as of 8:05 a.m. in Frankfurt. Germany's benchmark DAX increased 1.5 percent to 6,518.47.

Allianz SE (ALV GY): Europe's biggest insurer may take writedowns of about 1.2 billion euros ($1.74 billion) after the sale of its Dresdner Bank division to Commerzbank AG, Frankfurter Allgemeine Zeitung reported.

Citigroup Inc. raised its share-price estimate to 142 euros from 138 euros. The shares climbed 2 euros, or 1.8 percent, to 116.14 euros.

Colonia Real Estate AG (KBU GY): The property investor confirmed its forecast that profit would be lower this year than initially estimated. The shares added 5 cents, or 0.9 percent, to 5.68 euros.

Deutsche Postbank AG (DPB GY): The sale of Germany's biggest consumer bank by number of clients is becoming increasingly unlikely, the Financial Times Deutschland reported, citing unidentified people close to Deutsche Post AG. Postbank retreated 43 cents, or 1 percent, to 43.87 euros.

Infineon Technologies AG (IFX GY): Europe's second-largest maker of semiconductors is in talk with three parties that may be interested in buying the Qimonda AG memory-chip unit, Financial Times Deutschland reported, citing unidentified people close to Infineon.

Micron Technology Inc. and Elpida Memory Inc. are among the three potential bidders, the newspaper said. Infineon shares climbed 35 cents, or 5.9 percent, to 6.25 euros.

IVG Immobilien AG (IVG GY): Germany's largest commercial- property company plans to expand its remaining oil and gas storage caverns, Frankfurter Allgemeine Zeitung said. The shares declined 1.67 euros, or 13 percent, to 11.35 euros.

SAP AG (SAP GY): UBS AG raised its price projection on shares of the world's largest maker of business-management software to 44 euros from 41 euros. SAP added 34.5 cents, or 0.9 percent, to 38.58 euros.

To contact the reporter on this story: Henrietta Rumberger in Frankfurt at hrumberger@bloomberg.net.