By Nadja Brandt
March 2 (Bloomberg) -- The following companies’ shares may have unusual price changes in European trading. Stock symbols are in parentheses, and prices are from the previous close.
The Dow Jones Stoxx 600 lost 1.8 percent to 172.92. The Dow Jones Stoxx 50 Index dropped 2.3 percent to 1,770.41. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, decreased 2.2 percent to 1,976.23.
Accentis NV (ACCB BB): The real-estate developer said 2008 net income fell 23 percent to 748,000 euros. The company expects 2009 profit before markdowns of 3.9 million euros with rental income of 19.6 million euros. Accentis shares were unchanged at 3 cents.
BNP Paribas SA (BNP FP): The Belgian state and the bank agreed to extend a takeover accord, due to expire Feb. 28, until March 6. BNP shares fell 1.21 euros, or 4.4 percent, to 25.99 euros.
Brisa-Auto Estradas de Portugal SA (BRI PL): Portugal’s biggest highway operator said full-year net income fell 42 percent to 151.8 million euros. The stock declined 4 cents, or 0.9 percent, to 4.66 euros.
Commerzbank AG (CBK GY): Chief Executive Officer Martin Blessing said Germany’s second-largest bank may need more cash from the government, though it’s fine for now, Frankfurter Allgemeine Sonntagszeitung reported. The shares slipped 4 cents, or 1.4 percent, to 2.79 euros.
Deutsche Bank AG (DBK GY): Chief Executive Officer Josef Ackermann feels he has an “obligation” to Germany’s biggest lender, a spokesman for Deutsche Bank said after Sonntag reported that Ackermann is willing to step in as UBS AG’s new chairman. The shares dropped 1.12 euros, or 5.1 percent, to 20.78 euros.
Eni SpA (ENI IM): Italy’s biggest energy company supports the planned trans-Saharan pipeline that would carry natural gas from Nigeria to Europe through Algeria, Chief Executive Officer Paolo Scaroni said. Eni fell 0.5 percent to 15.86 euros.
Fortis (FORB BB): The financial-services company, the Belgian state and BNP Paribas SA agreed to extend their takeover accord that was due to expire on Feb. 28 until March 6. The agreement was extended “in view of the continued discussions between the parties,” Fortis said. Fortis shares rose 7.1 cents, or 5.7 percent, to 1.322 euros.
GDF Suez SA (GSZ FP): OAO Gazprom is in talks with the French utility to have it join the group that will build the Nord Stream gas pipeline, La Tribune reported, citing the Russian company’s Deputy Chairman Alexander Medvedev. Gazprom also wants GDF Suez to take part in the South Stream pipeline, according to the newspaper. GDF Suez shares fell 19 cents, or 0.8 percent, to 25.29 euros.
HSBC Holdings Plc (HSBA): Europe’s biggest bank by market value is scheduled to report earnings. HSBC may also raise about 12 billion pounds ($17 billion) to bolster capital as bad U.S. loans erode earnings, said two people with knowledge of the situation. The shares fell 35.75 pence, or 6.8 percent, to 491.25 pence.
Lloyds Banking Group Plc (LLOY LN): The U.K. lender that took over HBOS Plc last month may have to revise its bonus structure to receive government insurance for more than 250 billion pounds of assets, the Sunday Telegraph said, citing unidentified people familiar with the matter. The shares slipped 16.7 pence, or 22 percent, to 58.3 pence.
Inmobiliaria Colonial SA (COL SM): The property developer taken over by its lenders in April posted a full-year loss of 3.98 billion euros, compared with a year-earlier profit of 74.1 million euros, as the company sold off assets at a loss to repay debt. The stock fell 1 cent, or 7.1 percent, to 13 cents.
PSA Peugeot Citroen (UG FP): European Union regulators said they have obtained guarantees from France that its plan of 6 billion euros ($7.6 billion) in loans to two leading carmakers doesn’t have conditions on keeping factories open in the country. Peugeot shares fell 25 cents, or 1.8 percent, to 13.65 euros. Renault SA (RNO FP) shares slipped 25 cents, or 2.1 percent, to 11.53 euros.
Royal Ahold NV (AH NA): The Dutch owner of the U.S. Stop & Shop supermarket chain may say fourth-quarter profit fell 12 percent to 230 million euros after the company sold its controlling stake in Schuitema NV. Ahold shares advanced 26.7 cents, or 3.1 percent, to 8.86 euros.
StatoilHydro ASA (STL NO): A suspected fire on oil production ship Aasgard A in the Norwegian Sea on Feb. 28 forced the crew of 48 to man the life boats, Aftenbladet reported citing StatoilHydro ASA spokesperson Gine Wang. The largest Nordic oil and gas producer retreated 2.3 percent to 118 kroner.
Telecom Italia SpA (TIT IM): A merger between Italy’s biggest phone company and Mediaset SpA would be “difficult to bring about” and would run into antitrust problems, Telecom Italia Chief Executive Officer Franco Bernabe told Il Sole 24 Ore. “I don’t think it’s even feasible on a legislative front,” the financial newspaper cited Bernabe as saying in an interview. Telecom Italia fell 0.3 percent to 97 euro cents.
UBS AG (UBSN VX): It’s “impossible” to know when Switzerland’s biggest bank will return to profitability, Chief Executive Officer Oswald Gruebel told Finanz & Wirtschaft. Margins at the private banking division will “fall sharply” and the bank is planning to shed most of its structured-products business, Gruebel said. The stock dropped 68 centimes, or 5.8 percent, to 11.06 francs.
Vivendi SA (VIV FP): France’s biggest media company reports full-year earnings on March 2 before the market opens. The shares rose 18 cents, or 0.9 percent, to 18.97 euros.
To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net
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