Economic Calendar

Monday, March 2, 2009

BNP Paribas, GDF Suez, Renault, Vivendi: French Equity Preview

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By Sandrine Rastello

March 2 (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.

The CAC 40 Index fell 42.36, or 1.5 percent, to 2,702.48, taking last week’s drop to 1.8 percent. The measure declined 9 percent in February. The SBF-120 Index slid 1.3 percent.

BNP Paribas SA (BNP FP): The Belgian state and the bank agreed to extend their takeover accord that was due to expire Feb. 28 until March 6. BNP shares fell 1.21 euros, or 4.4 percent, to 25.99 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.

PSA Peugeot Citroen (UG FP): European Union regulators said Feb. 28 that 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.

Vivendi SA (VIV FP): France’s biggest media company reports full-year earnings before the market opens. The shares rose 18 cents, or 0.9 percent, to 18.97 euros.

To contact the reporter on this story: Sandrine Rastello in Paris at srastello@bloomberg.net.




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