By Nadja Brandt
June 22 (Bloomberg) -- The following companies may have unusual price changes in European trading. Stock symbols are in parentheses, and share prices are from the previous close.
The Dow Jones Stoxx 600 climbed 1.3 percent to 208.28. The Dow Jones Stoxx 50 Index increased 1.3 percent to 2,138.25. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, advanced 0.8 percent to 2,434.77.
AFC Ajax NV (AJAX NA): The only publicly traded Dutch soccer club agreed to sell Thomas Vermaelen to Arsenal for 12 million euros ($16.8 million). Ajax slid 13 cents, or 2 percent, to 6.40 euros.
Air France-KLM Group (AF FP): Europe’s biggest airline may see its target for a 2010 fiscal operating loss close to last year’s 129 million-euro loss compromised, La Tribune said, without citing anyone. Air France shares fell 6 cents, or 0.6 percent, to 9.25 euros.
Brisa Auto-Estradas de Portugal SA (BRI PL): Portugal’s biggest highway operator said it agreed to sell a 10 percent stake in the Douro Litoral highway concession. Brisa will hold 45 percent of the project after the transaction. The stock added 7.1 cents, or 1.4 percent, to 5.09 euros.
Daimler AG (DAI GY): The world’s second-largest maker of luxury cars may be in discussions to buy a stake in Porsche SE (PAH3 GY), Manager Magazine said, citing unidentified people in the financial industry. Daimler shares fell 2.7 percent to 24.43 euros. Porsche dropped 1.4 percent to 44 euros.
Deutsche Lufthansa AG (LHA GY): Europe’s second biggest airline said it will trim costs further to avert a loss this year. The shares fell 0.6 percent to 8.80 euros.
Electricite de France SA (EDF FP): French electricity prices for households may rise in August after the government allowed a 2 percent to 3 percent increase in electricity distribution rates from Aug. 1, La Tribune reported. That may translate into a 1 percent to 1.5 percent increase in the bill paid by individuals to Electricite de France and its rivals, the newspaper said. EDF shares fell 11 cents, or 0.3 percent, to 34.88 euros.
Enel SpA (ENEL IM): Italy’s biggest utility sold more than 99 percent of shares available in its 8 billion-euro rights offer, Corriere della Sera reported, without saying where it got the information. Enel rose 17 cents, or 4.6 percent, to 3.86 euros.
Escada AG (ESC GY): The German maker of women’s luxury clothes will release first-half results. The shares fell 3.3 percent to 2.90 euros.
Fomento de Construcciones & Contratas SA (FCC SM): The Spanish builder will build four soccer stadiums in Poland worth 515 million euros, La Vanguardia reported, without citing anyone. FCC shares rose 26 cents, or 1 percent, to 27.15 euros.
Fortis (FORB BB): The insurer that sold all banking units in October to avert a collapse will be “very cautious” about making acquisitions, L’Echo reported, citing an interview with Chairman Jozef De Mey. “It is unlikely that we make very big acquisitions,” De Mey was cited as saying by the paper. The shares were unchanged at 2.39 euros.
Norsk Hydro ASA (NHY NO): The Norwegian aluminum supplier expressed interest in buying Asia Aluminum Holdings Ltd., a move that could stave off bankruptcy at the Chinese company and offer an exit for Western debt holders who might otherwise see much of their investment disappear, the Wall Street Journal reported. The shares fell 1.6 percent to 34.50 kroner.
Novartis AG (NOVN VX): Europe’s fourth-largest drugmaker may spend as much as 1 billion Swiss francs ($930 million) expanding its business in Shanghai, Sonntagsblick reported, without saying where it got the information. An investment of that size is “possible,” company spokesman Michael Schiendorfer told the newspaper. The stock rose 12 centimes, or 0.3 percent, to 45.46 francs.
Porsche SE (PAH3 GY): The maker of the 911 sports car, which has accumulated more than 9 billion euros in debt from buying shares in Volkswagen AG, may find it difficult to receive a loan from KfW Group after the German development bank reject the application, German Economy Minister told Bild am Sonntag in an interview. The carmaker may sell as much as 29.9 percent of its capital to Qatar, Focus reported. The stock slipped 60 cents, or 1.4 percent, to 44 euros.
Renault SA (RNO FP): France’s second-largest carmaker had its long-term corporate credit and debt ratings cut to the speculative-grade level of BB from BBB- by Standard & Poor’s Ratings Services. Renault shares rose 12 cents, or 0.5 percent, to 27.03 percent.
SAP AG (SAP GY): The world’s biggest maker of business- management is in preliminary talks about an acquisition of between 1.2 billion and 1.5 billion euros, Welt am Sonntag reported, citing an unidentified SAP manager. SAP rose 4 cents, or 0.1 percent, to 28.87 euros.
SAS Group AB (SAS SS): The biggest Scandinavian airline was criticized by Danish politicians for leasing airplanes from companies located in the Cayman Islands, Dagbladet Borsen reported. SAS fell 2.4 percent to 3.66 kronor.
Sociedad General de Aguas de Barcelona (AGS SM): Spanish savings bank La Caixa and Suez SA, currently joint owners of the company known as Agbar, are in talks for Suez to purchase La Caixa’s 24.1 percent stake in the Spanish water utility for 829.5 million euros), Expansion reported, without citing anyone.
Agbar shares rose 78 cents, or 4.4 percent, to 18.57 euros.
Telecom Italia SpA (TIT IM) and Assicurazioni Generali SpA (G IM): Italy’s biggest phone company and Italy’s biggest insurer will remain Italian, Tarak Ben Ammar, a board member of Mediobanca SpA which holds stakes in both companies, told Corriere della Sera in an interview. Ben Ammar said there are no plans to merge Telecom Italia and Spain’s Telefonica SA.
Telecom Italia rose 0.8 percent to 0.94 euros, Generali fell 20 cents, or 1.4 percent, to 14.6 euros.
To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net
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