Air France-KLM, BNP, Carrefour, Vinci: French Stocks Preview

By Laurence Frost

Nov. 20 (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 dropped 129.51, or 4 percent, to 3,087.89 in Paris. The SBF 120 Index fell 4 percent.

Air France-KLM Group (AF FP): Europe's biggest airline reports fiscal second-quarter earnings before the market opens in Paris. Net income probably fell 64 percent to 265 million euros, according to the median of seven analyst estimates, on high fuel costs and after a year-earlier gain from the sale of assets. The shares rose 9 cents, or 0.9 percent, to 10.05 euros.

BNP Paribas SA (BNP FP): Europe's third-largest bank said its current capital ratios are in line with regulatory requirements and it doesn't need to raise more funds. The company made the comments in response to market rumors that it needed to improve solvency. The shares fell 4.57 euros, or 11 percent, to 36.24 euros.

Carrefour SA (CA FP): Europe's biggest retailer doesn't have to pay an exit package of 1.24 million euros a year and 50,000 euros in legal fees to former chairman and chief executive Daniel Bernard, a French appeals court ruled, reversing a lower court's decision. The shares declined 28 cents, or 0.9 percent, to 30.58 euros.

Colas SA (RE FP): The roadworks unit of Bouygues SA bought CERF, a company with several quarries in France's Auvergne region. It didn't give financial terms. The shares dropped 1.99 euros, or 1.4 percent, to 138.01 euros.

Euro Ressources SA (EUR FP): The mining and exploration company's board recommended investors accept Iamgold Corp's 1.20 euros a share offer for the company. The shares rose 1 cent, or 0.9 percent, to 1.16 euros.

France Telecom SA (FTE FP): Europe's third-largest telephone company said it's in exclusive talks to buy a phone license in Togo in western Africa. It didn't disclose financial details. The shares fell 25 cents, or 1.3 percent, to 19.15 euros.

Natixis SA (KN FP): The worst-performing French banking stock this year appointed Bernard Comolet as head of its supervisory board following the resignation of Charles Milhaud. The shares dropped 17 cents, or 11 percent, to 1.38 euros.

Vinci SA (DG FP): The world's largest construction company said its venture with Frontier-Kemper Constructors Inc. signed a $299 million contract with the city of Detroit to build a tunnel to carry treated wastewater. The shares declined 65.5 cents, or 2.4 percent, to 26.34 euros.

To contact the reporter on this story: Laurence Frost in Paris at lfrost4@bloomberg.net.