By Gareth Gore
Dec. 15 (Bloomberg) -- France’s CAC 40 Index rose for the first time in three days, adding 29.89, or 0.9 percent, to 3,243.49. The SBF 120 Index also gained 0.9 percent.
The following stocks rose or fell. Symbols are in parentheses after company names.
Atos Origin SA (ATO FP) declined 56 cents, or 3.2 percent, to 16.84 euros, the lowest in four days. France’s second- biggest computer-services provider denied a report in La Tribune saying the company is aiming for operating profit of 400 million euros ($538 million) in 2009.
BNP Paribas SA (BNP FP) retreated 3.45 euros, or 7.9 percent, to 40.35 euros, the steepest drop in four weeks. A Belgian court froze the sale of Fortis assets to French lender BNP Paribas because the deal didn’t have shareholder approval.
Separately, the bank said yesterday that it may lose as much as 350 million euros ($468 million) through indirect exposure to Bernard Madoff’s investment advisory business. Madoff allegedly ran a Ponzi scheme that cost investors $50 billion.
Cie. de Saint-Gobain SA (SGO FP) rose for the first time in three days, adding 84 cents, or 2.4 percent, to 35.95 euros. Europe’s biggest supplier of building materials may bid for the sanitary wholesale unit of Austria’s Frauenthal Holding AG, Trend magazine reported.
Derichebourg SA (DBG FP) dropped to the lowest in more than three weeks, falling 6 cents, or 3.1 percent, to 1.90 euros. The environmental- and airport-services company said profit for the year ended Sept. 30 declined 5.4 percent to 77.4 million euros.
EDF Energies Nouvelles SA (EEN FP) rallied 42.5 cents, or 1.7 percent, to 25.415 euros. Pacific Coastal Wave Energy Corp., a joint venture of the French renewable energy company, was granted an investigative permit by British Columbia, Canada, to conduct wave energy research off the coast of Vancouver Island.
Icade SA (ICAD FP) surged to the highest in more than two months, adding 2.72 euros, or 5.3 percent, to 54.33 euros. The French real-estate investment trust that’s controlled by state- owned Caisse des Depots et Consignations wants about 3 billion euros for the residential property unit it’s considering selling, Chief Executive Officer Serge Grzybowski said.
Iliad SA (ILD FP) climbed the most in more than two weeks, advancing 1.32 euros, or 2.3 percent, to 58.76 euros. Dexia SA raised its recommendation on France’s second-largest provider of broadband Internet to “buy” and increased its price estimate on the stock to 82 euros.
Natixis SA (KN FP) sank to a three-week low, sliding 7.1 cents, or 4.8 percent, to 1.409 euros. The French lender said it has as much as 450 million euros in client funds invested with Bernard Madoff.
Societe Generale SA (GLE FP) advanced 52.5 cents, or 1.5 percent, to 36.775 euros, ending a two-day drop. France’s third-largest lender said its exposure to Bernard Madoff investment funds is “negligible” and less than 10 million euros.
Total SA (FP FP) advanced for the first time in two days, climbing 1.195 euros, or 3 percent, to 40.99 euros. Europe’s third-biggest oil company said refineries in France are working normally again after a two-day strike disrupted operations. Separately, crude oil rallied more than 5 percent in New York.
To contact the reporter on this story: Gareth Gore in Madrid at ggore1@bloomberg.net.
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