Deutsche Bank, Hypo Real, K+S, Lufthansa: German Equity Preview

By Nadja Brandt and Stefanie Haxel

Jan. 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 March fell 0.8 percent to 4,205 as of 8:09 a.m. in Frankfurt. The DAX declined 1.8 percent to 4,239.85.

Allianz SE (ALV GY): The real estate unit of Germany’s largest insurer has 10 billion euros ($13 billion) to spend on acquisitions and will soon announce the purchase of a 50 percent stake in One Beacon Street, Boston, a 34-storey office block, the Wall Street Journal reported, citing Olivier Piani, chief executive officer of Allianz Real Estate. The shares declined 3.71 euros, or 5.8 percent, to 60.09.

Deutsche Bank AG (DBK GY): The company’s U.S.-based hedge funds CQ Capital and Distressed Opportunities will report a full-year loss of more than 40 percent for 2008, Sueddeutsche Zeitung reported today. Deutsche Bank fell 92 cents, or 5.1 percent, to 16.98 euros.

Deutsche Lufthansa AG (LHA GY): UBS AG cut its recommendation for Europe’s second-largest airline to “neutral” from “buy.” The shares lost 40.5 cents, or 3.9 percent, to 9.94 euros.

Fraport AG (FRA GY): The owner of Frankfurt airport and its Turkish partner IC Holding, which in April won a contract to operate Turkey’s Antalya airport, will build a new domestic terminal in the town, Vatan reported. Fraport shares lost 87 cents, or 3.1 percent, to 27.58 euros.

Hypo Real Estate Holding AG (HRX GY): The commercial property lender bailed out by the German government received an additional 12 billion euros in debt guarantees, giving it access to financing amid the credit crunch. The shares dropped 1 cent, or 0.5 percent, to 2.01 euros.

IVG Immobilien AG (IVG GY): Germany’s largest commercial- real-estate company and DIC Asset AG (DAZ GY) were rated “underweight” in new coverage at HSBC Holdings Plc. IVG shares retreated 24 cents, or 4.6 percent, to 5.01 euros. DIC Asset slid 15 cents, or 3.5 percent, to 4.11 euros.

K+S AG (SDF GY): Citigroup Inc. cut its share-price estimate for Europe’s largest producer of potash used in fertilizers to 50 euros from 105. The shares dropped 1.94 euros, or 5.3 percent, to 35.01.

ThyssenKrupp AG (TKA GY): Morgan Stanley reduced its recommendation on Germany’s largest steelmaker to “underweight” from “equal weight.”

Separately, ThyssenKrupp will sell part of its Transrapid rail technology to China in a plan to extend the only commercial operation of the high-speed magnetic train, Handelsblatt said, citing unidentified people familiar with the project. The shares sank 10 cents, or 0.6 percent, to 16.72 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.