Stock market: Stocks to follow in Paris and Europe – 06/01/2022 at 08:39

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PARIS, Jun 1 (Reuters) – Shares follow on Wednesday on the Paris Stock Exchange and in Europe:

*Renault RENA.PA , STELLANTIS STLA.PA STLA.MI – New car registrations in France fell by 10.1% year on year in May and by 16.9% in the first five months of 2022, according to figures released on Wednesday by the Automotive Platform (PFA), the main association of the sector, were published in France. nL1N2XN3DA

* HOLY GOBAIN SGOB.PA announced on Tuesday that it has entered into a definitive agreement to acquire Kaycan, a family-owned company that manufactures and distributes outdoor building materials in Canada and the United States, for an consideration of $928 million Has. nL6N2XN0AO

* CORE PRTP.PA announced on Tuesday that it has completed the sale of its entire stake in Sowind Group, which owns Swiss watchmakers Girard-Perregaux and Ulysse Nardin, to current management.

*SANOFI SASY.PA – The US Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation to efanesoctocog alpha for the treatment of hemophilia A.

*DWS DWSG.DE – The asset management subsidiary of GERMAN BANK DBKGn.DE announced on Wednesday the resignation of its CEO Asoka Wöhrmann, who will be replaced by Stefan Hoops, one day after a search directed against the two groups as part of investigations into suspected fraud in connection with the ESG rating of certain investment products.

* TELECOM ITALY TLIT.MI values ​​its fixed network at around 20 billion euros, debt included, which is expected to be integrated into a future unified national fiber optic network, we learned on Tuesday from two sources familiar with the matter. In an interview with La Repubblica, VIVENDI VIV.PA CEO Arnaud de Puyfontaine explained that the first shareholder of the Italian operator agreed to sell the fixed line on the basis of a valuation between 17 and 21 billion euros. nS8N2X600E

* SAIPEM SPMI.MI announced on Wednesday that it has completed the sale of its onshore drilling operations to British group KCA Deutag (KCAD) for $550 million.

*TOMTOM TOM2.AS – The Dutch haulage specialist on Wednesday announced its intention to cut around 500 jobs, equivalent to 10% of its workforce, as part of the restructuring of part of its activities to promote automated cartography.

(Written by Claude Chendjou and Marc Angrand, edited by Sophie Louet and Kate Entringer)

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