Economic Calendar

Tuesday, October 21, 2008

Beiersdorf, Bilfinger, Daimler, Colonia: German Equity Preview

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By Nadja Brandt and Stefanie Haxel

Oct. 21 (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.

DAX Index futures expiring in December gained 77.5, or 1.6 percent, to 4,942.5 as of 8:09 a.m. in Frankfurt. The DAX increased 1.1 percent to 4,835.01.

Beiersdorf AG (BEI GY): The maker of Nivea skin creams agreed to sell its Bode Chemie skin-disinfectant unit to German medical-products maker Paul Hartmann AG. The shares climbed 47 cents, or 1.2 percent, to 39.19 euros.

Bilfinger Berger AG (GBF GY): Germany's second-largest construction company raised its profit forecast for this year after it agreed to sell its Razel engineering unit in France to Fayat SA for 137 million euros ($182 million). The shares increased 1.20 euros, or 4.7 percent, to 27.02 euros.

Colonia Real Estate AG (KBU GY): The property investor may not reach its 2008 targets, Reuters reported, citing Chief Executive Officer Stephan Rind.

The shares fell 9 cents, or 2.6 percent, to 3.38 euros.

Daimler AG (DAI GY): The world's second-largest luxury-car maker joined Italian and French carmakers favoring financial assistance from European governments to develop environmentally friendly automobiles as sales slump, the Financial Times Deutschland said. The shares added 82 cents, or 3.2 percent, to 26.525 euros.

Freenet AG (FNT GY): The mobile-phone and Internet service provider is struggling to find a sufficient price for the sale of its Web access unit, Reuters reported, citing an unidentified person close to the divestment talks. The shares climbed 12 cents, or 2.3 percent, to 5.26 euros.

RWE AG (RWE GY): Germany's second-largest utility plans to combine its energy-distribution activities into a single unit to comply with demands from the German government and the European Union, Die Welt reported.

Separately, RWE plans to create a service unit focused on energy efficiency, Sueddeutsche Zeitung said. The shares advanced 3.93 euros, or 6.7 percent, to 62.46 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net; Stefanie Haxel in Frankfurt at shaxel@bloomberg.net.


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