French and Benelux stocks-Factors to watch on Jan 31

Thu Jan 31, 2013 2:48am EST

Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.

STMICROELECTRONICS

The chipmaker posted a quarterly net loss and said it could need as much as $500 million to get out of its struggling mobile chip joint venture with Ericsson.

UNIBAIL RODAMCO European real-estate group Unibail Rodamco named a new chief executive on Wednesday and said it would boost earnings power in 2013 on the back of new shopping-mall developments and tenants' sales.

VIVENDI

Private equity firms KKR and Apax Partners are teaming up to bid for the French media group's Brazilian telecoms subsidiary GVT, according to a Bloomberg report citing unnamed sources with knowledge of the matter.

GDF SUEZ

France's highest administrative court annulled government-imposed limits on 2011 and 2012 gas price increases for consumers, paving the way for normalisation of a market distorted by years of state curbs.

RENAULT

A proposed pay freeze at French carmaker Renault's domestic operations for this year will also affect the group's managers but not necessarily its chief executive Carlos Ghosn, a senior executive said on Wednesday.

CREDIT AGRICOLE

The French bank may soon warn investors that its fourth-quarter accounts will be hit by new provisions, French daily Le Figaro reported, without citing its sources.

A spokeswoman for Credit Agricole declined to commment.

ALTRAN

French engineering consultancy Altran said on Thursday that its latest acquisition would help boost sales growth and earnings this year after underlying sales rose 4.3 percent last year.

VEOLIA

The world's leading water and waste management company said it had been awarded a $300 million 30-year contract to manage the Californian city of Rialto's water and waste-water systems.

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