Additional European Equity News

Credit Agricole (ACA FP) - Exposure booked to Russia around UDS 540mln as of Dec 31st. No new financing has been granted to Russia since the beginning of the conflict. There are no consequences on the distribution of 2021 dividend.  

Danone (BN FP) - Suspended Russia operations. (Newswires)

Engie (ENGI FP) – Managing Director said the Co. is preparing for the possibility of a total cut in Russian gas imports. According to her, the resulting “unprecedented price shock” would require government intervention to “cap prices” and “limit demand”. (Les Echos)

Leonardo (LDO IM) - Prosecutors are expected to conclude their probe, into suspected flawed parts by the Co. for Boeing's 787 Dreamliner, by July and comment on if the alleged defects could threaten the craft's safety, according to Reuters sources. (Newswires)

Puma (PUM GY) - Suspending operations at all stores within Russia. (Newswires)

Respsol (REP SM) - Inditex (ITX SM) founder Ortega intends, via investment Co. Pontegadea, to bid for a 25% stake in Repsol's renewable business, according to sources via Cinco Dias. (Newswires)

RWE (RWE GY) - KfW, German State Lender, has signed an MOU with RWE to construct a domestic LNG terminal. (Newswires)

Telecom Italia (TIT IM) - CEO said the negative market reaction to 2021 results was foreseeable, must not create panic within the Co. (Newswires)

07 Mar 2022 - 07:33- EquitiesResearch Sheet- Source: Newsquawk