German stocks - Factors to watch on Jan 18

FRANKFURT, Jan 18 (Reuters) - Shares in Germany's DAX index .GDAXI looked set to open 0.2 percent lower on Friday, according to pre-market data from brokers by 0711 GMT.

The following are some of the factors that may move German stocks on Friday (share price indications by 0711 GMT):

THYSSENKRUPP (TKAG.DE)

Shares indicated 1.2 percent higher

Germany's largest steel producer, ThyssenKrupp, said preliminary first-quarter pretax profit fell by about a third but it reaffirmed its targets for the full-year. [ID:nL1850591]

For related news, double click on [TKAG.DE-E]

METRO (MEOG.DE)

Shares indicated 2.8 percent higher

Metro will sell its underperforming supermarket chain Extra to retailer Rewe AG, cutting debt and focusing its food business on its Real stores which are expanding into eastern Europe and Turkey, it said late on Thursday. Sources familiar with the matter said the price was around 500 million euros ($732.9 million). Click on [ID:nL17376173]

For related news, double click on [MEOG.DE-E]

IKB (IKBG.DE)

Shares indicated 1.5 percent higher

KfW said it had started the sales process for its 37.8 percent stake in IKB -- which can increase to as much as 43.4 percent after a convertible bond is converted -- and that bidders could now submit indicative offers. Stiftung Industrieforschung, currently the second-largest IKB shareholder with 11.8 percent, also plans to sell its stake under the selling process, KfW added.

For related news, double click on [IKBG.DE-E]

BAYER BAYG.DE

Shares indicated 0.2 percent higher