May 28, 2019 / 5:02 AM / 6 months ago

French and Benelux stocks-Factors to watch

May 28 (Reuters) - Below are company-related news and stories from French and Benelux media which could have an impact on the region’s markets or individual stocks.

ENGIE:

A Brazilian Supreme Court judge has issued an injunction suspending some major divestments by Petroleo Brasileiro SA , according to a document seen by Reuters on Monday, possibly creating a major headache for the state-run oil firm.

The decision, issued on Friday by Justice Edson Fachin, calls for the suspension of the sale of Petrobras’ TAG pipeline unit and eight of the companies’ refineries, as well as the sale of its Araucaria Nitrogenos fertilizer unit.

It was not immediately clear how the ruling would work given that Petrobras already sold TAG to Engie SA in April and received approval from Brazil’s antitrust regulator for the deal.

NEOPOST:

Neopost announced its Q1 results on Monday leaving the full year outlook unchanged. Consolidated sales came in at EUR 266 mln, an organic increase of 2.9% from last year.

RENAULT:

Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker. Renault said it was studying the proposal from Italian-American FCA with interest, and considered it friendly.

VIVENDI:

Vivendi’s pay-TV group Canal Plus said on Monday it would buy European rival M7 for about EUR 1 bln ($1.12 billion) from private equity firm Astorg. Pan-European market data: European Equities speed guide................... FTSE Eurotop 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurotop 300 sectors..................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt items......... CAC-40................. Paris items............ World Indices..................................... Reuters survey of world bourse outlook......... European Asset Allocation........................ Reuters News at a glance: Top News............. Equities.............. Main oil report........... Main currency report.....

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