Two European stocks in Focus:CPFL Energia S.A. (ADR) (CPL), LyondellBasell Industries NV (LYB)


CPFL Energia S.A. (ADR) (NYSE:CPL)

Stock’s Trading Stats:

CPFL Energia S.A. (ADR) (NYSE:CPL) surged 2.19% yesterday and closed at $10.74. The company’s market capitalization is at $5.47 Billion with an average trading volume of 435.642.00 shares. The total number of Outstanding Shares Held by the company are 993.01 Million.

Recent Press Release:

Capital Product Partners L.P. (CPLP), a shipping company, provides marine transportation services in Greece. It transports a range of cargoes, including crude oil; refined oil products, such as gasoline, diesel, fuel oil and jet fuel, and edible oils; chemicals, such as ethanol; and dry cargo and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters. As of February 3, 2016, the company owned a fleet of 34 vessels, which consisted of 20 medium range product tankers, 4 Suezmax crude oil tankers, 9 post-panamax container vessels, and 1 capesize bulk carrier. Capital GP L.L.C. serves as a general partner of the company. Capital Product Partners L.P. was founded in 2007 and is headquartered in Piraeus, Greece.

LyondellBasell Industries NV (NYSE:LYB)

Stock’s Trading Stats:

LyondellBasell Industries NV (NYSE:LYB) closed at $85.19 yesterday by showing a increase of 1.57%. The total number of outstanding shares held by the company are 430.45 Million with the total market capitalization of $37.25 billion. The number of shares traded on the last trading session are 2.58 Million.

Recent Press Release:

LyondellBasell Industries NV (LYB) on April 7 announced that it completed the previously announced acquisition of the polypropylene (PP) compounding assets of Zylog Plastalloys Pvt. Ltd. (Zylog) in India. The company entered into a definitive agreement to acquire Zylog’s PP compounding assets in November 2015.

LyondellBasell has supplied the Indian market through imports and tolling arrangements since 2009. In October 2015, LyondellBasell acquired SJS Plastiblends Pvt. Ltd.’s PP compounding business which is located in Aurangabad, Maharashtra. With the acquisition of Zylog’s manufacturing operations in Sinnar, Maharashtra, and Chennai, Tamil Nadu, LyondellBasell is now the third largest producer of PP compounds in India with an annual capacity of 44,000 metric tons (97 million pounds).

LyondellBasell is the world’s largest producer of PP compounds with an annual capacity of 1.3 million metric tons (2.8 billion pounds).

India represents the fourth largest growth market for automobiles globally with 3 million new vehicles produced each year. According to IHS Inc., India’s automotive market is expected to continue growing by 6 to 8 percent annually through 2021. In its latest Global Economic Prospect report, the World Bank projected that India’s GDP will grow by 7.8 percent in 2016 and 7.9 percent annually in 2017 and 2018.