German stocks - Factors to watch on July 22

FRANKFURT, July 22 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.4 percent lower on Tuesday, according to pre-market data from brokers at 0620 GMT.

The following are some of the factors that may move German stocks on Tuesday (share price indications at 0620 GMT):

CONTINENTAL (CONG.DE)

Indicated 1.0 percent higher

Schaeffler raised its takeover offer for Continental to 70.12 euros per share from 69.37 euros. [ID:nWEA2550]

Separately, German business daily Handelsblatt quoted an unidentified institutional investor as saying fair value for Conti was at least 80 euros per share.

A senior Conti executive told Reuters the group's top management is united against Schaeffler's unsolicited bid. [ID:nL21794262]

Related news [CONG.DE-E]

TUI (TUIGn.DE)

Indicated 0.8 percent lower

Singapore's Neptune Orient Lines (NEPS.SI) has formally expressed its interest in buying Hapag-Lloyd, two sources briefed on the deal said on Tuesday. [ID:nSIN51993] [ID:nL21557437]

Related news [TUIGn.DE-E]

ALLIANZ (ALVG.DE)