Stock market: following stocks in Paris and Europe – 25/11/2022 at 09:07

PARIS, Nov. 25 (Reuters) – Stocks following Friday on the Paris stock exchange and in Europe:

* EDF EDF.PA – The French government’s proposed tax on excessive profits in electricity could mean a deficit of about five billion euros for EDF in 2023, the daily Les Echos reported Thursday.

➦ Energy/France – Excess profits tax could cost EDF 5 billion euros – Les Echos

* STELLANTIS STLA.MI – The French-Italian-American automaker announced plans on Thursday to revamp its European dealer network in July, starting with Austria, Belgium, Luxembourg and the Netherlands.

* OVHCLOUD OVH.PA – The European Investment Bank (EIB) has awarded OVHcloud a financing of 200 million euros for its investments in Europe, the leading European provider of cloud computing services said on Friday.

➦ The EIB provides a €200 million loan to OVHcloud for its investments in Europe

* CREDIT SUISSE CSGN.S announced on Thursday evening that it had completed the CHF 4.0 billion capital increase approved by its shareholders the day before, an operation that resulted in the issuance of just over 462 million new shares.

* SSE SSE.L – The British energy group announced on Friday that it had reached an agreement to sell a 25% stake in its electricity transmission network business, SSEN Transmission, to the Ontario Teachers’ Pension Plan Board, a Canadian institutional fund manager , for an amount of 1.47 billion pounds (1.70 billion euros).

* ADIDAS ADSGn.DE said Thursday it has opened an investigation into allegations of inappropriate employee behavior against American rapper Kanye West, with whom he ended his partnership last month.

➦ Adidas is investigating charges against Kanye West

(Written by Marc Angrand and Claude Chendjou, edited by Nicolas Delame and Blandine Hénault)

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