By Lynn Thomasson and Stefanie Haxel
Feb. 12 (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 Index futures expiring in March lost 21, or 0.5 percent, to 4,517 as of 8:07 a.m. in Frankfurt. The DAX added 0.5 percent to 4,530.
Alstria Office REIT-AG (AOX GY): The first German company to become a real-estate investment trust said it renegotiated agreements with lenders. The shares gained 8.4 percent to 5.15 euros.
Bayer AG (BAY GY): Germany’s biggest drugmaker said its pharmaceutical division will invest about 100 million euros ($129 million) over the next five years to set up a global research and development center in Beijing, China. The shares rose 1.6 percent to 43.90 euros.
Bayerische Motoren Werke AG (BMW GY): The world’s biggest maker of luxury vehicles and Fiat SpA (F IM), Italy’s largest manufacturer, will end talks on building cars on a common chassis, Handelsblatt reported, citing industry sources it didn’t identify. BMW added 1.3 percent to 22.61 euros.
Commerzbank AG (CBK GY): Germany’s second-biggest lender may sell Dresdner Bank’s headquarters building in Frankfurt after completing a takeover of its former rival last month, Handelsblatt reported, citing people familiar with the matter whom it didn’t identify.
Separately, Morgan Stanley lowered its recommendation on the stock to “underweight” from “equal weight.” Commerzbank slid 2.7 percent to 3.68 euros.
Gildemeister AG (GIL GY): The maker of milling machines used by the Red Bull Formula One racing team said 2008 profit rose to 81.1 million euros ($104.7 million) from 50.1 million euros. Gildemeister dropped 1 percent to 6.05 euros.
Hochtief AG (HOT GY): Leighton Holdings Ltd., Australia’s largest engineering and construction company, in which Hochtief owns a majority, said first-half profit plunged 56 percent after writing down the value of listed investments due to the global recession. Hochtief, Germany’s largest construction company, lost 0.3 percent to 25.82 euros.
Interseroh SE (ITS GY): Europe’s biggest trader of non- ferrous scrap metal predicts “kangaroo jumps” in the price of used metal this year as steelmakers tailor their scrap purchases to meet demand. The shares fell 0.8 percent to 35.70 euros.
Norddeutsche Affinerie AG (NDA GY): Europe’s biggest copper refiner posted a fiscal first-quarter loss of 98 million euros compared with a year-earlier profit after writing down the value of its stockpiles. The shares sank 4.6 percent to 24.89 euros.
Rhoen-Klinikum AG (RHK GY): Germany’s biggest publicly traded hospital operator said full-year earnings before interest and taxes rose to 172.9 million euros. The company is sticking to its 2009 forecast. The shares retreated 0.6 percent to 15.50 euros.
Siemens AG (SIE GY): Europe’s biggest engineering company is ceasing to use management consulting firms, a step that will result in estimated annual cost savings of 300 million euros, the Financial Times reported. The shares climbed 2.2 percent to 47.54 euros.
To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net; Stefanie Haxel in Frankfurt at shaxel@bloomberg.net.
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