By Jann Bettinga
April 9 (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. The DAX Index rose 0.8 percent to 4,357.92 yesterday.
Arcandor AG (ARO GY): The retail company is considering taking state aid, the Financial Times Deutschland reported. Chief Executive Officer Karl-Gerhard Eick has discussed state guarantees in the “upper triple-digit” million-euro range with high-ranking members of Germany’s federal government, the newspaper said. The shares fell 15 percent to 1.64 euros.
Bayerische Motoren Werke AG (BMW GY): The world’s largest maker of luxury autos will remain an independent company and isn’t seeking a global alliance, the president of its U.S. unit said. The shares rose 6.2 percent to 25.385 euros.
Comdirect Bank AG (COM GY): The online broker agreed to buy European Bank for Fund Services, or Ebase, for 24.9 million euros ($33.1 million). The stock fell 1.2 percent to 5.71 euros.
Henkel AG & Co. (HEN3 GY): The maker of Persil detergent said first-quarter operating profit dropped 33 percent on declining demand for its adhesives business in the global recession. The stock advanced 0.7 percent to 21.82 euros.
Hochtief AG (HOT GY): The builder is withdrawing from a group to expand and operate the A5 highway in Germany, the Financial Times Deutschland newspaper reported. The shares rose 2.5 percent to 31.23 euros.
Deutsche Lufthansa AG (LHA GY): Europe’s second-biggest airline is scheduled to report March traffic figures. The shares climbed 2.7 percent to 9.195 euros.
TUI AG (TUI1 GY): Shareholder John Fredriksen proposed that supervisory board Chairman Juergen Krumnow be removed from the post at next month’s annual general meeting, a year after his first attempt failed. The shares rose 0.3 percent to 4.70 euros.
To contact the reporter on this story: Jann Bettinga in Frankfurt at jbettinga@bloomberg.net.
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