Economic Calendar

Tuesday, June 23, 2009

Hypo Real Estate, Patrizia, Pfleiderer: German Equity Preview

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By Nadja Brandt

June 23 (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 X-DAX Index dropped 3.2 percent to 4,688.31. The measure, derived from trading in DAX Index futures, provides an estimate of Germany’s benchmark index. The DAX decreased 3 percent to 4,693.40.

Hypo Real Estate Holding AG (HRX GY): The lender that almost collapsed in the credit crunch last Year said it will cut 1,000 jobs and it expects “significant burdens on income” in the second quarter from risk provisions for receivables and securities. The shares declined 2 percent to 1.48 euros.

Patrizia Immobilien AG (P1Z GY): The property investor plans to hold its annual shareholders meeting. The shares climbed 1.1 percent to 2.70 euros.

Pfleiderer AG (PFD4 GY): The laminate-flooring maker plans to hold its annual shareholders meeting. The shares advanced 4.7 percent to 4.70 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net




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