Crespi, active in the production of plastics and composites, announced the repurchase of 25% of Orsa Foam, a company already held 50%, which produces polyurethane foam. The transaction amounts to 2.7 million. 25% of the company will remain in the hands of Recticel, a multinational leader in the field of polyurethanes for the automotive market. Title Crespi halls of 2.77% to 0.977 euros.
The semiconductor sector headlines this morning is affected by the red marks, with the exception of ASML, which marks a rise of 1, 27% to 14.33 euros. In ground negative exchange Philips, which lost 0.04%, ST Microelectronics (-1.54%) and Infineon lost 0.36%, passing from hand to 16.44 euros.
British Airways and Iberia are evaluating the project to create a joint venture airline that will travel on routes connecting Spain and England. The British company has also initiated similar talks with other airlines including American Airlines, Cathay Pacific and Qantas. Meanwhile, BA and four other airlines (KLM, Lufthansa, Scandinavian Airlines and BMI), have joined forces to protest against the decision of the European Commission endorsed the recapitalization of 1.4 billion euros in Alitalia.
Morgan Stanley issues a new target price of 47 euros for Dassault Systemes, confirming the equal-weight rating on the French software company. According to the U.S. broker, the license fee at a discount to the multiple historical, but the potential upside is limited by the medium-term growth prospects remain weak. At this time, Dassault Systemes exchanges in Paris to 40.08 euros (-8.62%).
After completing the purchase of 50.8% of Bouygues Offshore, Saipem announced it had filed with the control bodies of the French market, the prospectus for the tender offer the remaining shares in Bouygues Offshore in the hands of the public. The offer price is 60.08 euros per share.
Worst title Mib30 Square Business is currently Capitalia. The quote of the now former Banca di Roma is leaving it at ground level from 3.30% and thus drops to 1.76 euro fee. Weigh on the bank is still the Capitoline open investigation last week dall’Antitrust on competition issues arising from the merger with Bipop.
Dresdner Kleinworth Wasserstein reiterated his hold recommendation on the title Castorama indicating a target price of 65.85 euros. The assessment was made after the two advisors Rothschild et Cie felt that the 67 euros per share for a total of 5.1 billion euros offered by Kingfisher for Castorama is a fair price. The deal must now wait for the go-ahead by the European Commission will decide on next August. Analysts have shown concerns about the possible benefits that could get Kingfisher acquired Castorama. At this moment the title Castorama is unchanged at 65.85 euros, while in London, Kingfisher rose 1 3%.
Very good Saipem opening week, with the title salt of 2% to € 7.64 euros after reporting for construction contracts for the second half, very positive results. The rest of the group Eni is only slightly rough at the moment, with the same parent company and growing share of 0.5% to 16.86 euros. Unchanged Italgas and Snam Rete Gas.
Speeds up the rebound of the Milan Stock Exchange and among the titles that drive the race there are STM and Finmeccanica. The title of the Italian-French giant is scoring an increase of 7.29% to 2517 euros, while Finmeccanica brings to 0.7660 euros, up by 5.80%.