(Corrects Rheinmetall item to show KMW is not a unit of
Rheinmetall, corrects Reuters stock code in Allianz item)
FRANKFURT, April 18 The following are some of
the factors that may move German stocks on Thursday:
Europe's biggest insurer is in talks to buy the naming
rights to a soccer stadium under construction in Brazil's
largest city Sao Paulo, in what may become the first major
soccer sponsorship deal in the country hosting the World Cup
Commerzbank, Germany's second-biggest lender, is in
exclusive talks to sell its UK property business Eurohypo to
private equity firm Lone Star and U.S. bank Wells Fargo & Co,
the Financial Times reported, citing people familiar with the
Ivor Dunbar, a former head of global capital markets at
Deutsche Bank, is to leave the bank at the end of the month,
according to sources within the bank.
Lufthansa was threatened with a second round of strikes as
labour union Verdi, representing thousands of staff at the
airline, rejected as "unacceptable" an offer for wage increases
from the company.
Proxy advisory firms ISS and Glass Lewis said that MetroPCS
Communications Inc shareholders should vote in favor of
the wireless service provider's merger with T-Mobile USA because
the proposed terms of the deal were sweetened.
E.ON will seek more energy trading opportunities out of the
United States and Asia from its soon-to-be created Merchant
Trading unit, aiming for growth in an increasingly globalised
Separately, E.ON said on Wednesday that Europe could face
higher energy costs after failing to agree to bolster the
European Union's carbon market.
Munich Re has sold a $500 million catastrophe bond to
protect two North Carolina underwriting associations against
hurricane losses as insurers increasingly choose to cover risks
with bonds rather than buying traditional reinsurance.
German defence company KMW beat out a French competitor to
win a contract to supply more than 50 Leopard-2 tanks and about
20 self-propelled howitzers, made jointly with Rheinmetall, to
Qatar, a defence source told Reuters on Thursday.
SolarWorld said plunging solar module prices and asset
writedowns likely caused a 2012 net loss of more than half a
billion euros, as the debt-laden group continued to feel the
impact of weak demand, industry overcapacity and falling
ANNUAL GENERAL MEETINGS
RWE - 2.00 eur/shr dividend proposed
Beiersdorf - 0.70 eur/shr proposed
Bilfinger - 3.00 eur/shr dividend proposed
Gea Group - 0.55 eur/shr dividend proposed
Sky Deutschland - no dividend proposed
Gerresheimer - 0.65 eur/shr dividend proposed
OVERSEAS STOCK MARKETS
Dow Jones -0.9 pct, S&P 500 -1.4 pct, Nasdaq
-1.8 pct at Wednesday's close.
Nikkei -0.4 pct at 0455 GMT.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
(Reporting By Peter Dinkloh and Maria Sheahan)