French and Benelux stocks - Factors to watch on June 24
PARIS, June 24 (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.
CREDIT AGRICOLE (CAGR.PA) / CLUB MED (CMIP.PA)
The French bank is set to take a seat on the board of holiday resort group Club Med, French newspaper Les Echos reported on Wednesday, citing Club Med's management. [ID:nLO598199] [CMIP.PA]
RENAULT (RENA.PA)
The French carmaker will invest 500 million pesos ($128 million) between 2009 and 2011 in its Argentine unit to begin production of a new vehicle and modernize a plant, the company said on Tuesday. Renault did not provide details on the new model or when production will begin. [ID:nN23106366] [RENA.PA]
FRANCE TELECOM (FTE.PA)
The Egyptian minister of communications and information technology told Reuters on Tuesday that he hopes France Telecom and Orascom Telecom (ORTE.CA) can work out their dispute over the ownership of Egyptian mobile operator Mobinil (EMOB.CA). [ID:nN2386357] [FTE.PA]
TOTAL (TOTF.PA)
Total Petroleum said it was preparing to restart Unit 804 at its refinery in Port Arthur, Texas, according to a filing with state regulators. [ID:nN235974] [TOTF.PA]
French oil major Total might be heading for another landmark deal in Russia as its head prepares to meet Prime Minister Vladimir Putin on Wednesday, along with the chief of Russian gas firm Novatek (NVTK.MM). [IDPnLN893209]
BANQUE POPULAIRE / CAISSE D'EPARGNE
The French CECEI bank regulator has approved the merger between Banque Populaire and Caisse d'Epargne.
AIR FRANCE-KLM (AIRF.PA)
Air France-KLM said it had raised 661 million euros in a convertible bond deal. The bonds will mature on April 1, 2015. [AIRF.PA-E]
GIMV (GIMV.BR)
The Belgian investment company said on Wednesday it had invested 30.3 million euros ($42 million) and divested 8.9 million euros from April 1 to June 22. [ID:nLO606630] [GIMV.BR]
NYRSTAR (NYR.BR)
The world's biggest producer of zinc said on Wednesday it intended to integrate its metals smelting business by expanding into mining operations and focus on resources that would support its existing assets and in which it already had expertise. [ID:nLN239136] [NYR.BR]
DEXIA (DEXI.BR)
Former and current managers at Dexia are due to appear in court in Paris in October after a shareholder complained the Belgian-French financial group had misled investors, the Paris prosecutor and Dexia said on Tuesday. [ID:nLN19854] [DEXI.BR]
CRUCELL (CRCL.AS)
The Dutch biotechnology company announced on Wednesday positive results of its mid-stage phase II study on a rabies monoclonal antibody combination. The trial was conducted in the Philippines. [CRCL.AS]
ARCELORMITTAL (ISPA.AS)
The world's largest steelmaker sees recovery in world steel demand as largely dependent on China and emerging markets, like Brazil, where growth has already begun. "At least from our experience, Brazil is recovering relatively rapidly, in comparison to North America," Lou Schorsch, chief executive officer of the company's Flat Americas division told the Steel Survival Strategies conference on Tuesday. [ID:nN2389031]
JOBLESS RATE OECD
The jobless rate in the 30-nation OECD area will jump to 9.9 percent by the end of next year from 7.8 percent in April, the Organisation for Economic Cooperation and Development said on Tuesday. [ID:nLN434702]
CABINET RESHUFFLE / FRANCE
French President Nicolas Sarkozy announced a cabinet reshuffle on Tuesday in which his most senior ministers stayed on and a relative of France's only Socialist president joined the government's ranks. [ID:nLN48882]
