Air France, Enel, Goodtech, HSBC, Total: Europe Equity Preview

May 24 (Bloomberg) -- Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index fell 0.5 percent to 237.11. The Stoxx 50 Index declined 0.7 percent to 2,326.48. The Euro Stoxx 50 Index, a benchmark for nations using the euro, rose 0.2 percent to 2,574.18.

Air France-KLM Group (AF FP): Europe’s biggest airline hopes to get about 120 million euros ($151 million) in compensation from the France for losses it incurred during the air space closure caused by ash clouds from the volcanic eruption in Iceland, Le Journal du Dimanche said, without citing anyone. The shares were little changed at 9.41 euros.

Caja de Ahorros del Mediterraneo (CAM SM): Bilbao Bizkaia Kutxa is in merger talks with CAM, El Pais said, without saying where it got the information. The two lenders will probably need funds from the government’s bank restructuring fund to complete the transaction, the newspaper said. CAM slipped 0.3 percent to 5.95 euros.

Enel SpA (ENEL IM): Sintonia SA is considering buying a stake in Enel’s Green Power unit, Gilberto Benetton told Corriere della Sera in an interview. The shares rose 0.4 percent to 3.57 euros.

ERG SpA (ERG IM): Italy’s biggest exporter of oil products and France’s Total SA (FP FP) won European Union approval for their plan to set up an Italian refining and marketing venture. ERG rose 0.3 percent to 9.85 euros. Total slipped 0.3 percent to 36.60 euros.

Finmeccanica SpA (FNC IM): Ansaldo Breda, a unit of the Italian company, is among rivals vying to build 50 high-speed trains for Italy’s Ferrovie dello Stato SpA in an order valued at about 1.2 billion euros, Il Messaggero reported. The shares rose 0.27 percent to 9.23 euros.

Goodtech AS (GOD NO): The Norwegian maker of piping equipment was downgraded to “hold” from “buy” at Terra Markets. The shares surged 14 percent to 2.4 kroner.

HSBC Holdings Plc (HSBA LN): Stephen Green plans to step down as executive chairman at Europe’s biggest bank later this year and will be succeeded by John Thornton, the Sunday Telegraph reported, without saying where it obtained the information. The stock fell 0.4 percent to 629.2 pence.

Invensys Plc (ISYS LN): The U.K. maker of controls that help run Whirlpool Corp. washing machines is scheduled to report earnings. The shares climbed 2.6 percent to 286.3 pence.

Logica Plc (LOG NA): Infosys Technologies Ltd., India’s second-largest software exporter, dismissed media reports that it’s planning to purchase Logica Plc as a “rumor.” The Daily Mail said Infosys was considering buying the Anglo-Dutch computer-services company for 2.9 billion pounds ($4.2 billion) in cash, or 180 pence a share, without saying where it got the information. Logica gained 3.6 percent to 1.42 euros.

Prudential Plc (PRU LN): The U.S. Treasury is resurrecting a backup plan to float American International Group Inc.’s AIA Group Ltd., amid concern the U.K. insurer’s takeover of the Asian insurer may fall apart, the Sunday Times reported. The stock rose 0.1 percent to 517 pence.

Sapec SA (SAP BB): The third-largest supplier of crop- protection products on the Iberian Peninsula said first-quarter earnings before interest, tax, depreciation and amortization showed “considerable progress,” even as revenue declined to 117 million euros from 128 million euros a year earlier. Sapec said in an e-mail that it’s confident about a recovery of full- year earnings, adding it’s still in talks to sell two thirds of its 58 percent holding in Grupo Naturener SA. The shares dropped 1.4 percent to 55.01 euros.

Suez Environnement SA (SEV FP): Chief Executive Officer Jean-Louis Chaussade is “confident” the French water company will meet its annual targets, Le Journal des Finances reported, citing an interview. “Activity trend” improved in April, Chaussade said. The shares fell 2.3 percent to 14.44 euros.

Unipol Gruppo Finanziario SpA (UNI IM): Chief Executive Officer Carlo Cimbri said the lender should complete a 400 million-euro stock sale by the “summer,” la Stampa reported, citing an interview. The shares rose 1.5 percent to 72 cents.

Ypsomed Holding AG (YPSN SW): The company that supplies needles and injection pens to Sanofi-Aventis SA reports full- year results. The stock was unchanged at 60 francs.