Suez Environnement is a top candidate to replace Suez (SZEZY) in France's benchmark CAC-40 index, says Exane BNP Paribas. Says other leading contenders are Hermes (5229.FR) and Technip (13170.FR).
Suez will spin off its environment unit as part of its planned merger with Gaz de France (1020848.FR). Believes both Suez and GdF will remain in the CAC-40 until they are merged. Suez +2% to EUR45.26; Gaz de France +1.8% to EUR41.68. (JWM/AHM)