French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks.

AEROSPACE

Sources said that the European aerospace groups Leonardo Thales and Airbus are redoubling their efforts to combine satellite businesses in a 10 billion euro ($11.7 billion) joint venture with a French headquarters. They hope to reach an agreement within weeks.

FITCH DOWNGRADE

Fitch, a credit rating agency, downgraded France’s sovereign debt score to its lowest level ever on Friday.

LVMH, the French luxury giant, said that it was honored to have been named as a possible partner in Giorgio Armani’s will. Armani had indicated he preferred to gradually sell stakes in his company to a bigger peer.

MAUREL ET PROM

French oil company Maurel Et Prom has appointed Wisnu as Chairman of the Board and a Director.

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(source: Reuters)