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PARIS, July 15 (Reuters) – Values to follow on Friday at the Paris Stock Exchange and Europe:
* AXA AXAF.PA announced on Thursday that it has concluded the sale for 660 million euros of a portfolio of 16 billion euros in life and pension insurance contracts in Germany, an operation that will allow the French insurer to reduce again its exposure to financial market risks.
* THE AUTOMOTIVE SECTOR could react to ACEA’s announcement on Friday of a further 16.8% year-on-year drop in new car sales in Europe in June, their twelfth consecutive month of decline. Over the first six months of the year, the market decline was 13.7%.
* ATOS ATOS.PA said on Thursday it did not expect a capital increase after lowering its credit rating by S&P to “BB,” with a negative outlook.
* RIO TINTO RIO.L RIO.AX warned on Friday that labor shortages in Australia related to the COVID-19 pandemic and inflation would weigh on its current results in the second half. The Sydney-listed stock is down nearly 2%.
* RICHEMONT CFR.S – The Swiss luxury group reported on Friday its 12% growth in constant exchange rates over the period April-June, the first quarter of its fiscal year 2022-2023. The stock is up 3%.
* BURBERRY BRBY.L posted quarterly sales up just 1% on a like-for-like basis as a result of confinements in China, its largest market.
* AIR FRANCE-KLM AIRF.PA – KLM, the Dutch branch of the group, announced on Thursday night that it had reached an agreement with the unions representing its employees, which could put an end to the social movement that has been disrupting its activities for several weeks. On the French side, Transavia, a subsidiary of the group that has been hit by a strike by commercial seafarers since Wednesday, said it plans to operate 70% of its capacity on Friday and Saturday and 75% on Sunday.
➦ France-Transavia still affected by a strike movement
* ERICSSON announced on Friday that it had received the green light from the Committee on Foreign Investment in the United States (CFIUS) for the acquisition of Vonage VG.O, a $ 6.2 billion (so many euros) operation that had been postponed pending the completion of the U.S. authorities’ investigation into its national security implications.
* ASTON MARTIN AML.L has announced its intention to raise £ 653 million (approximately € 770 million) through a capital increase through the issuance of warrants in which Saudi Arabia’s sovereign wealth fund, called to become its second shareholder, will participate.
* TOMTOM TOM2.AS – The Dutch digital navigation and mapping specialist released an even heavier-than-expected quarterly loss on Friday, which it explains by inflation and supply chain tensions.
* HANDELSBANKEN – The Swedish bank posted a quarterly profit well below market expectations.
(Written by Claude Chendjou and Marc Angrand, written by Sophie Louet and Matthieu Protard)