Economic Calendar

Wednesday, July 1, 2009

Arcandor, Deutsche Telekom, Hypo Real: German Equity Preview

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By Nadja Brandt

July 1 (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 fell 1.2 percent to 4,816.08. The measure, derived from trading in DAX Index futures, provides an estimate of Germany’s benchmark index. The DAX decreased 1.6 percent to 4,808.64.

Arcandor AG (ARO GY): Deutsche Euroshop AG Chief Executive Officer Claus-Matthias Boege said his company is interested in taking over two Karstadt department stores in the cities of Viernheim in Western Germany and Dessau in the country’s east. The shares fell 1.6 percent to 61 cents.

Deutsche Telekom AG (DTE GY): Europe’s largest phone company is offering Vodafone Group Plc access to its high-speed VDSL network at a price of around 28 euros ($39.29) per month and connection, Frankfurter Allgemeine Zeitung reported, citing unidentified company officials. The shares fell 0.4 percent to 8.40 euros.

Hypo Real Estate AG (HRX GY): The supervisory board of Hypo Real Estate seeks backing at the lender’s Aug. 13 general meeting for an investigation into the role of former executive board members in the near-collapse of the bank, the Sueddeutsche Zeitung newspaper reported. The shares dropped 2.6 percent to 1.49 euros.

Impreglon AG (I3M GY): The producer of industrial coatings said 2008 net income declined 94 percent to 168,000 euros ($235,477). Sales increased, the company said. The shares advanced 6.5 percent to 9 euros.

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




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