Economic Calendar

Monday, September 21, 2009

Areva, Danone, LVMH, Nexans, Vivendi: French Equity Preview

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By Laurence Frost

Sept. 21 (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 fell 7.43, or 0.2 percent, to 3,827.84 in Paris. The SBF 120 Index dropped 0.2 percent.

Areva SA (CEI FP): The world’s biggest nuclear rector builder received several non-binding offers for its transmission and distribution unit, spokeswoman Patricia Marie said. The shares fell 2.40 euros, or 0.6 percent, to 412 euros.

Groupe Danone SA (BN FP): The Dannon Company, a U.S. unit of Groupe Danone SA, agreed to pay $35 million to settle a class-action lawsuit alleging that advertising claims made for its probiotic yogurt products were misleading. The shares rose 23 cents, or 0.6 percent, to 41.30 euros.

LVMH Moet Hennessy Louis Vuitton SA (MC FP): LVMH said it is “satisfied” with a Paris court ruling that eBay Inc. must pay the luxury group 80,000 euros ($118,000) in a counterfeiting case. The shares fell 1.24 euros, or 1.8 percent, to 68.50 euros.

Nexans SA (NEX FP): The Paris-based cable maker plans to cut 387 jobs in France and close its factory at Chauny as part of a plan to reduce costs, Le Figaro reported, citing the CGT labor union. The shares rose 1.15 euros, or 2 percent, to 59.31 euros.

Robertet SA (RBT FP): The Grasse-based maker of liquid flavorings, perfumes and aromatic ingredients said first-half net income fell 15 percent to 6.58 million euros from 7.74 million euros. The shares rose 50 cents, or 0.6 percent, to 85 euros.

Vivendi SA (VIV FP): General Electric Co. executives believe the Paris-based media company will exercise its right later this year to sell its stake in NBC Universal, the New York Times reported, citing people briefed on the matter. The shares rose 12 cents, or 0.6 percent, to 20.64 euros.

To contact the reporter on this story: Laurence Frost in Paris at lfrost4@bloomberg.net




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