French and Benelux stocks - Factors to watch on Nov 9

Mon Nov 9, 2009 1:13am EST
 
[-] Text [+]

PARIS, Nov 9 (Reuters) - Below are company-related news and leading stories from French and Benelux newspapers which could have an impact on the region's markets or individual stocks.

BOURBON (GPBN.PA)

The offshore group said third-quarter revenues rose 3.1 percent to 246.8 million euros.

TECHNIP (TECF.PA)

The group said it had been awarded a lump sum contract by ENI US Operating for the Appaloosa development project in the Gulf of Mexico. This project consists of the tie-back of the Appaloosa well located in Mississippi Canyon, 145 nautical miles (268 kilometers) offshore Mobile, Alabama at a water depth of approximately 2,825 feet (860 meters), to the Corral platform.

AXA (AXAF.PA)

Europe's second-biggest insurer sought to double its bet on Asian growth and unveiled a planned $7 billion buy-out of its Asian assets and sale of its Australian assets to local rival AMP Ltd. In order to help fund the buyout of the Asian assets, AXA SA said it would seek to raise 2 billion euro ($3 billion) through a right issue. [ID:nSYD420146]

CREDIT AGRICOLE (CAGR.PA)

Credit Agricole (CAGR.PA) will name Jean-Paul Chifflet as new chief executive of France's largest bank by branches next year, a source within the bank said on Friday, confirming a report on the website of Les Echos.

"It's a given," said the source, adding that Chifflet, the 60-year-old vice-president of the board and general manager of a local regional branch, had only very recently been picked.

Newspaper Le Figaro said on its website that the bank's chairman, Rene Carron, would later step down and make way for Jean-Marie Sander, also an executive from within Credit Agricole. No one at the bank was available to comment.

AREVA (CEPFi.PAContinued...

 

Featured Broker sponsored link