Tuesday October 6, 08:14 AM
French and Benelux stocks - Factors to watch on Oct 6
PARIS, Oct 6 (Reuters) - Below are company-related news and leading stories from French and Benelux newspapers which could have an impact on the region's markets or individual stocks.
SOCIETE GENERALE (GLE.NX - news)
Societe Generale unveiled a 4.8 billion euro capital hike to repay state support and pursue acquisitions, following domestic peer BNP Paribas (BNP.NX - news) in paying off aid received during the crisis.
SOCIETE GENERALE, DEXIA
Societe Generale and Dexia (Brussels: DEXB.BR - news) have entered negotiations regarding the purchase by Societe Generale of Dexia's 20 percent interest in Credit du Nord. Finalisation of the transaction is expected before the end of 2009.
TOTAL (FP.NX - news) , GDF SUEZ (GSZ.NX - news)
French energy players Total and GDF Suez will invest about $1 billion in a 25 percent stake in Kazakh gas field project Khvalynskoye, the head of Total said.
The new chief executive of Total SA (Paris: FR0000120271 - news) 's Canadian unit said on Monday the French oil major will delay giving the final go-ahead for its Joslyn oil sands project in Alberta, waiting until higher oil prices allow it to wrest a solid return from its Canadian investments.
AREVA
France's Areva (CEI.NX - news) and Kazakh state nuclear company Kazatomprom said on Tuesday they were setting up a joint venture to market uranium fuel and were considering joint production.
EDF (EDF.NX - news)
Centrica (LSE: CNA.L - news) is not interested in taking a larger stake in four new nuclear plants to be built by France's EDF (Paris: FR0010242511 - news) , the Daily Telegraph reported on Tuesday.
CREDIT AGRICOLE (ACA.NX - news)
Credit Agricole SA on Monday sold $1.0 billion in perpetual securities.
CASINO (Paris: FR0000125585 - news) , SUPER DE BOER (Amsterdam: SDB.AS - news)
Dutch grocer Sperwer said on Monday it intended to make a 516 million euro ($754 million) public offer for supermarkets group Super de Boer NV, trumping an earlier 480 million euros ($702 million) bid from Dutch peer Jumbo.
SUEZ ENVIRONNEMENT
France's Suez Environnement said on Monday it planned to take legal action against a Hungarian municipality that took control of a water utility company partly owned by the French firm.
LVMH (MC.NX - news)
French fashion house Celine, owned by luxury goods group LVMH, has been holding off opening new stores this year and hopes collections from creative director Phoebe Philo will underpin sales from 2010.
BONDUELLE
French canned vegetables group Bonduelle (BON.NX - news) said fiscal full-year sales rose 2.3 percent to 1.52 billion euros. Net profit almost halved to 26.6 million euros. It added that it expects operating profit to rise this year.
THROMBOGENICS
Belgian biotechnology company Thrombogenics (Brussels: THR.BR - news) announced that a phase IIa trial for microplasmin to treat eye disorder diabetic maculatr edema showed it is safe and well tolerated.
ABLYNX (Brussels: ABLX.BR - news)
Belgian biotechnology company Ablynx received an undisclosed milestone payment from Swiss drugmaker Novartis (Virt-X: NOVN.VX - news) for an exclusive research licence for a nanobody product.
BELGACOM
Mobile operator BASE, part of KPN Telecom, is preparing a claim against Belgacom (BELG.NX - news) 's mobile arm Proximus, accusing it of abusing its dominant position, Belgian business daily De Tijd said.
CELLECTIS (ALCLS.NX - news)
France's Cellectis said it could reap up to 150 million euros in milestone payments through a research and commercialisation deal with genetically modified seeds leader Monsanto.
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters (LSE: RUT.L - news) .
NNNN
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
