4:00 PM Frankfurt Accor agreed to acquire Australia-based rival Mantra for 0.9 billion. U.K. regualtor provisionally approved Hungryhouse acquisition by Just Eat. Deutsche Lufthansa agreed to acquire most of the assets of the insolvent carrier Air Berlin. Sky reported better-than-expected first quarter results.
In London trading, FTSE 100 index increased 23.65 or 0.3% to 7,557.51 and in Frankfurt the DAX index rose 12.22 to 12,982.90.
In Paris, CAC 40 index slid 4.79 to 5,357.62.
fell 0.4% to 43.24 after France-based hotel operator agreed to acquire Australia-based rival Mantra Group Ltd for A$3.96 per share in cash or 0.9 billion or A$1.18 billion.
The transaction is expected to close by the end of the first-quarter 2018.
Just Eat Plc
soared 4.8% to 736.50 pence after the U.K. Competition and Markets Authority today provisionally cleared acquisition of the rival Hungryhouse for about £200 million by the online food delivery services provider.
Deutsche Lufthansa AG
jumped 2.6% to 45.73 after Germany-based airlines chief executive officer Carsten Spohr said that the airline agreed to acquire large parts of the insolvent carrier Air Berlin for about 210 million or $248.72 million.
Lufthansa said it may buy 81 aircraft and hire 3,000 employees of Air Berlin with an investment of 1.5 billion or $1.78 billion.
slid 0.2% to 45.73 after Reuter said Finland-based investment services provider agreed to acquire 7.6% stake in Sweden-based financial services provider Nordax.
Nordax Group AB stock jumped 8.5% to 48.40 Swedish kronor.
gained 1.8% to 930.35 after the U.K.-based broadcasting services provider reported total revenues in the first-quarter ending in September jumped 5% from a year ago to £3.3 billion and operating profit soared 11% to £582 million from a year ago period.