By Jeremy van Loon
July 20 (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 climbed 1.6 percent to 6,421.5. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX advanced 1.8 percent to 6,382.65.
Bayerische Motoren Werke AG (BMW GY): The world's largest maker of luxury cars and Fiat SpA are working on a plan to share parts, helping the German and Italian carmakers save as much as 200 million euros ($317 million) a year, Automotive News Europe reported. The shares rose 64 cents, or 2.2 percent, to 30.10 euros.
Continental AG (CON GY): The tiremaker rejects so-called ``poison pill'' tactics, such as selling businesses, to avert a takeover by Schaeffler Group, Chief Executive Officer Manfred Wennemer told Welt am Sonntag. Separately, Schaeffler said it's open to discussions with Wennemer to ``clear away any concerns'' about the takeover. The shares dropped 13 cents, or 0.2 percent, to 71.97 euros.
Deutsche Boerse AG (DB1 GY): Deutsche Bank AG has sold a 1 percent stake in Deutsche Boerse AG, Capital reported, citing an unidentified manager at Germany's largest bank. The shares rose 3.44 euros, 5 percent, to 72.44 euros.
Deutsche Post AG (DPW GY): Europe's largest mail service, is under no pressure to sell Deutsche Postbank AG, Boersen-Zeitung said, citing Post Chief Financial Officer John Allan. Deutsche Post shares rose 22 cents, or 1.4 percent, to 15.72 euros.
Gildemeister AG (GIL GY): Russian investors are interested in purchasing shares of Gildemeister and have options to buy a 15 percent stake, Focus reported. The shares fell 11 cents, or 0.7 percent, to 16.74 euros.
MAN AG (MAN GY): Europe's third-largest truckmaker is considering a possible purchase of Volkswagen AG's truck business in Brazil this year, Euro am Sonntag newspaper reported, citing an unidentified person close to the talks. MAN's shares rose 93 cents, or 1.3 percent, to 70.22 euros.
To contact the reporter on this story: Jeremy van Loon in Berlin at jvanloon@bloomberg.net.
0 comments
Post a Comment