French and Benelux stocks-Factors to watch on May 22

Wed May 22, 2013 1:50am EDT

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.

PSA PEUGEOT CITROEN

PSA Peugeot Citroen plans to close a research and administrative site near Paris and transfer its 660 workers to other plants as part of the French carmaker's cost-cutting plans, according to an internal document seen by Reuters.

TECHNIP Technip said it was leading a consortium with Samsung Engineering Co Ltd and China Huanqiu Contracting & Engineering, which won an engineering contract from Pacific NorthWest LNG Limited Partnership for a liquefied natural gas (LNG) project in Canada. Financial terms were not disclosed.

EDF

The French utility has entered exclusive talks to sell its 49 percent stake in Slovakia's No. 2 electricity distributor Stredoslovenska Energetika (SSE) to Czech energy company EPH, it said on Tuesday.

FRANCE TELECOM

The group to invest between 30 and 50 million euros ($64 million) in its video-sharing website Dailymotion and begin a fresh search for a partner in the autumn, its chief executive said on Tuesday.

SANOFI

A new type of asthma drug meant to attack the underlying causes of the respiratory disease slashed episodes by 87 percent in a mid-stage trial, making it a potential game changer for patients with moderate to severe disease, researchers said on Tuesday. Dupilumab is an injectable treatment being developed by Regeneron Pharmaceuticals Inc and drugmaker Sanofi.

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