Affine, Club Mediterranee, Soitec, Vinci: French Stocks Preview

By Helene Fouquet

June 23 (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.

France’s CAC 40 Index retreated 98.02, or 3 percent, to 3,123.25, extending last week’s 3.2 percent decline. The SBF 120 Index lost 3.1 percent.

Affine (IML FP): The company, which rents buildings to commercial clients, company, sold an office building in Marseille to UFFI REAM for 7.6 million euros, excluding fees, and expects to book a “significant capital gain” from the transaction. The shares added 10 cents, or 0.8 percent, to 13.39 euros.

Club Mediterranee SA (CU FP): Europe’s largest resort company said the Benetton family’s Edizione holding has subscribed to 708,000 exchangeable bonds, equivalent to a 2.23 percent stake. The shares dropped 26 cents, or 2.4 percent, to 10.69 euros.

Schneider Electric SA (SU FP): The world’s biggest maker of circuit breakers bought Microsol Tecnologia to expand in the Brazilian market. It didn’t give financial terms. The shares lost 67 cents, or 1.3 percent, to 52.62 euros.

Soitec SA (SOI FP): The company, whose silicon is used in the chips that power Sony Corp. and Microsoft Corp. game consoles, raised its first-quarter revenue forecast, citing higher orders from customers. Soitec now expects first-quarter sales to increase by more than 20 percent from fourth-quarter levels. The shares fell 25 cents, or 5.8 percent, to 4.03 euros.

Vinci SA (DG FP): The world’s biggest construction company won a 323 million-euro order to carry out civil engineering work for the second phase of Cairo subway line 3 in Egypt. The shares lost 1.12 euros, or 3.5 percent, to 30.96 euros.

To contact the reporter on this story: Helene Fouquet in Paris at Hfouquet1@bloomberg.net.