(Photo credits: Flcikr – L. Grassin)
(Updated with Kering, Eni)
* Change in futures on the CAC 40 0#FCE index:
* Change in Stoxx 600 0#FXXP index futures:
* Securities that are traded ex-dividend .EX.PA
* Update on European .EUFR markets
PARIS, January 24 (Reuters) – The stocks to follow on Monday on the Paris Stock Exchange and in Europe:
* ORANGE ORAN.PA is set to appoint Christel Heydemann as group chief executive, making her the first woman to lead the former monopoly as part of a governance overhaul, reports said Sunday two sources close to the file. nL8N2U309F
* RENAULT SA RENA.PA – The diamond brand, Nissan Motor
7201.T and Mitsubishi Motors 7211.T plan to triple investment to jointly develop electric vehicles (EVs), two people familiar with the project told Reuters. nL8N2U30QP
* KERING PRTP.PA announced the sale of SOwind Group, owner of the watch brands Girard-Perregaux and Ulysse Nardin, to its current managers, without specifying the amount of the sale.
* WENDEL MWDP.PA announced on Monday that it had completed the acquisition of ACAMS, a company specializing in training and certification in the field of the fight against money laundering, on the basis of a valuation of 500 million dollars ( €441 million).
* LUFTHANSA LHAG.DE is in discussions with a view to buying 40% of the capital of ITA Airways, the former Alitalia, we learned from two people close to the negotiations. nL8N2U30E9
* VODAFONE VOD.L and Iliad are in discussions with a view to a possible merger of their activities in Italy, we learned from sources close to the project. The activities concerned represent a turnover of nearly six billion euros. nL8N2U2089
* TELECOM ITALIA TLIT.MI appointed Pietro Labriola as managing director on Friday, which could complicate the takeover attempt launched by the American fund KKR
KKR.N.
* ENI ENI.MI and Norwegian private equity group HitecVision have announced plans to list their joint venture Vaar Energi Oil on the Oslo Stock Exchange, which several sources had previously valued at between $10 billion and $15 billion.
* PHILIPS PHG.AS said on Monday it expects a sustained recovery in sales in the second half of this year, saying component shortages are expected to persist for several more months. nL8N2U41C1
* COMMERZBANK CBKG.DE announced on Friday that its net result for the fourth quarter of 2021 would be reduced by 436 million euros by provisions related to foreign currency loans in Poland, but said it continued to expect a positive annual net result.
* UNILEVER ULVR.L, GLAXOSMITHKLINE GSK.L – Nelson Peltz’s activist hedge fund Trian Partners has taken a stake in Unilever, which could increase pressure on the consumer goods group which has backed out of a takeover of the consumer healthcare arm of GlaxoSmithKline, a source familiar with the matter said on Sunday. nL8N2U30KD
* BRIDGEPOINT BPTB.L has completed the sale of British testing and inspection group Element Materials Technology to Singaporean fund Temasek for around seven billion dollars (6.2 billion euros), we learned from two sources familiar with the matter.
* EDF EDF.PA – Bernstein lowered its recommendation to “market performance”.
THE FRANCE & INTERNATIONAL 7-DAY AGENDA: nL8N2U14B9
(Written by Marc Angrand and Claude Chendjou, edited by Blandine Hénault)