FACTBOX: Impact of Royal's election pledges on French stocks
PARIS (Reuters) - Here are some of the main proposals of Socialist presidential candidate Segolene Royal and the stocks analysts say could be impacted if she won the French presidential elections.
- Raise monthly minimum wage to 1,500 euros over five years; 5 percent increase in small pensions at or below minimum wage.
POSITIVE IMPACT: Retailers Carrefour and Casino.
- Build 120,000 public housing units a year; extend the use of zero-rate loans for first-time home-owners with low income.
POSITIVE IMPACT: Nexity, Kaufman & Broad, Nouveaux Constructeurs, Bouygues, Vinci, MeilleurTaux, Saint-Gobain, Lafarge.
- Regulate banking fees and sanction consumer-lending institutions that grant loans to insolvent persons.
NEGATIVE IMPACT: Banks BNP, Credit Agricole, Societe Generale and consumer lenders Cetelem (BNP), Sofinco and Finaref (Credit Agricole), and Cofinoga (BNP-Galeries Lafayette).
- Wants public television funded by a tax on the advertising revenues of private channels.
NEGATIVE IMPACT: Private TV broadcasters TF1 and
M6.
- Tax companies more on dividends, less on reinvested profits.
NEGATIVE IMPACT: Companies with the most generous distribution policy such as M6, France Tel, TF1, hotelier Accor, wines and spirits group Remy Cointreau, and investment company Wendel Investissement.
- Impose an "exceptional levy" on oil firms to fund transport initiatives.
NEGATIVE IMPACT: Total, and possibly foreign refiners active in France such as ExxonMobil and Royal Dutch Shell.
- Royal says she is not "dogmatic" that 87-percent state-owned EDF should be renationalize, but the government should keep control of the power giant.
- Would revoke GDF-Suez merger. An advisor of Royal said there was a need to strengthen links between EDF and GDF, but rejected a merger of the two groups. Continued...



