French and Benelux stocks - Factors to watch on June 11

Thu Jun 11, 2009 12:38am EDT
 
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PARIS, June 11 (Reuters) - Below is company-related news and leading stories from French and Benelux newspapers which could have an impact on the region's markets or individual stocks.

EADS (EAD.PA) / AIRBUS

Airbus denied on Wednesday a French newspaper report that it is considering grounding its fleet of A330 and A340 planes in the wake of last week's Atlantic plane disaster, saying they are safe to fly. [ID:nLA30022]

SANOFI-AVENTIS (SASY.PA), TOTAL (TOTF.PA)

French oil and gas company Total has cut its stake in pharmaceuticals group Sanofi-Aventis to under 10 percent, French market regulator AMG said in a statement on Wednesday. [ID:nL0761138]

Sanofi-Aventis on Wednesday denied it had presented a major U.S. acquisition plan to its board, following a report in the edition of Les Echos newspaper due to appear on Thursday. [ID:nB773793]

Ratiopharm and the creditor banks of its parent, investment vehicle VEM, have hired Royal Bank of Scotland and Commerzbank (CBKG.DE) to manage the sale of the German generic-drug maker, it said on Wednesday. Sanofi is tipped as a potential suitor. [ID:nLA765232]

GECINA (GFCP.PA)

Spanish property group Metrovacesa (MVC.MC) said on Wednesday it has decided not to execute its planned break-up agreement with its French affiliate Gecina. It will keep its 26.9 percent stake in Gecina and not swap it for Parisian office property, as it originally agreed on with the French company. [ID:nLA466895]

SOLVAY (SOLB.BR)

Belgian chemicals and drug maker says generic producer Perrigo Israel Pharmaceuticals had applied for approval from U.S. authorities to sell a generic version of Solvay's treatment for testosterone deficiency, Androgel. [ID:nLA400868]

FORTIS (FOR.BRContinued...

 

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