By Claudia Rach and Daniela Silberstein
July 13 (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 declined 1.2 percent to 4.576.31 on July 10.
BASF SE (BAS GY): The world’s biggest chemical company was added to Bank of America Corp.’s “Europe 1’ list. The shares retreated 0.3 percent to 27.66 euros.
Bayer AG (BAY GY): Germany’s largest drugmaker said its experimental florbetaben product showed promise in predicting Alzheimer’s disease in tests. The stock declined 2.1 percent to 35.66 euros.
Deutsche Telekom (DTE GY): Vodafone Group Plc has set Europe’s largest phone company a mid-July deadline to agree on cooperation on the high-speed VDSL network in Germany, Focus magazine said, citing no one. Telekom shares fell 1.2 percent to 7.98 euros.
Escada AG (ESC GY): The German maker of luxury clothing for women is in talks with bankruptcy experts, a step that prepares for a possible insolvency if investors don’t back a refinancing plan, Welt am Sonntag said, citing Chief Executive Officer Bruno Saelzer. The shares advanced 7 percent to 2.70 euros.
Infineon Technologies AG (IFX GY): Europe’s second-largest chipmaker may sell its wireless communication and smartcard units, Martin Kimmich, an IG Metall labor union member, told Euro am Sonntag. The shares rose 5.4 percent to 2.72 euros.
K+S AG (SDF GY): Europe’s largest producer of potash used in fertilizers was cut to “sell” from “neutral” at UBS AG. The stock dropped 4.9 percent to 37.89 euros.
Metro AG (MEO GY): Metro plans to add Permira Advisers LLP’s Olaf Koch to its management board to allow Chief Financial Officer Thomas Unger to concentrate on restructuring the German retailer, Handelsblatt reported. Metro plans to make “decisions on personnel” at its next supervisory board meeting, spokesman Martin Bommersheim told Bloomberg News in a telephone interview today. The shares fell 48 cents, or 1.4 percent, to 34.52 euros.
Porsche SE (PAH3 GY): Qatar offered about 7 billion euros ($9.8 billion) for a stake in the carmaker and stock options in Volkswagen AG, Spiegel said, without citing anyone. Separately, the Berliner Morgenpost said the Persian Gulf State would invest in a joint company of VW and Porsche only after all conflicts between the two carmakers were resolved. The shares gained 0.4 percent to 42.34 euros.
Q-Cells SE (QCE GY): Charles Anton Milner, chief executive officer of Germany’s largest solar company, expects market conditions to improve in the second half of the year after prices slumped in the solar energy industry, WirtschaftsWoche magazine reported. The shares fell 2.5 percent to 12.68 euros.
Siemens AG (SIE GY): Europe’s largest engineering company had unexpectedly weaker orders in its transmission unit in June and may extend shorter working hours, Euro am Sonntag said, citing works council leader Lothar Adler. Separately, Siemens aims to become the market leader for solar thermal energy, Spiegel said, citing Chief Executive Officer Peter Loescher. Siemens shares fell 1.7 percent to 46.43 euros.
ThyssenKrupp AG (TKA GY): Germany’s biggest steelmaker expects its pretax loss to exceed 1.5 billion euros for the year ending Sept. 30, Financial Times Deutschland said, citing internal documents. The stock slipped 1.1 percent to 16.66 euros.
Volkswagen AG (VOW GY): Europe’s biggest carmaker boosted first-half China sales 23 percent to 652,222 vehicles.
Separately, VW used loopholes in the German tax system to lower its tax payments. It used the money save to raise its offer for a 49.9 percent state in Porsche by about 1 billion euros, Focus said, without citing anyone. The Spiegel magazine reported VW raised its offer for the Porsche stake clearly to more than 4 billion euros. The shares fell 1.9 percent to 213.20 euros.
To contact the reporters on this story: Claudia Rach in Berlin at crach1@bloomberg.net; Daniela Silberstein in Zurich at dsilberstei2@bloomberg.net.
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