Economic Calendar

Tuesday, November 10, 2009

Areva, Arkema, Klepierre, Meetic, Sodexo: French Equity Preview

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By Helene Fouquet and Adria Cimino

Nov. 10 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in France. Symbols are in parentheses after company names and prices are from the last close.

November futures on France’s CAC 40 Index climbed 5, or 0.1 percent, to 3,774 at 8:38 a.m. in Paris. The CAC 40 rallied 78.2, or 2.1 percent, to 3,785.49 yesterday.

Areva SA (CEI FP): The world’s biggest builder of nuclear reactors received three bids for its transmission and distribution unit from General Electric Co., Toshiba Corp. with Innovation Network Corp. of Japan, and the unit’s former owner, Alstom SA with Schneider Electric SA. Areva’s investment certificates added 11.4 euros, or 3.2 percent, to 367.95 euros.

Arkema SA (AKE FP): The French chemicals maker said that it’s raising its 2009 free cashflow target to 140 million euros ($210 million) from 80 million euros. The company reported a net loss of 3 million euros for the third quarter, compared with a year-earlier profit of 40 million euros. The shares rose 95 cents, or 3.5 percent, to 28.07 euros.

CGGVeritas (GA FP): The world’s largest seismic surveyor reported a 93 percent plunge in third-quarter profit amid a slowdown in oil exploration projects. Net income fell to $12 million from $162 million a year earlier. The stock added 79 cents, or 5.6 percent, to 14.98 euros.

GFI Informatique SA (GFI FP): The computer-services company reported third-quarter revenue of 169.2 million euros that was “in line with expectations.” The shares retreated 2 cents, or 0.6 percent, to 3.38 euros.

Klepierre SA (LI FP): The property company agreed to buy a further 21.3 percent stake in Italian mall owner IGC from Finiper for an estimated 47.6 million euros. The acquisition will raise Klepierre’s holding in IGC to 71.3 percent. The shares climbed 46 cents, or 1.6 percent, to 28.81 euros.

Meetic (MEET FP): Europe’s biggest publicly traded Internet dating site reported nine-month revenue of 117.2 million euros, up from 97 million euros a year earlier. The shares rose 9 cents, or 0.4 percent, to 20.39 euros.

Rougier SA (RGR FP): The French tropical-wood trader reported nine-month revenue of 91.5 million euros, down 28 percent. The shares advanced 45 cents, or 1.7 percent, to 26.86 euros.

Societe Fonciere Lyonnaise (FLY FP): The real-estate company reported nine-month revenue of 139.6 million euros, up from 135.4 million euros a year earlier. The shares fell 29 cents, or 0.9 percent, to 31.70 euros.

Sodexo (SW FP): The world’s second-biggest catering company said full-year profit gained 4.5 percent to 393 million euros after it added new hospitals to its client list and improved profitability in North America. The shares retreated 4 cents, or 0.1 percent, to 41.19 euros.

To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net




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