4:00 PM Frankfurt – Altice agreed to acquire Portugal Telecom SGPS S.A. from Brazilian wireless carrier Oi S.A. for €7.4 billion. E.ON plans to split into two companies. Balfour Beatty received £1 billion non-binding proposal from John Laing Infrastructure Fund. Vodafone plans to acquire Blinkbox.
In London trading, FTSE 100 index slumped 0.8% or 56.60 to 6,666.02 and in Frankfurt the DAX index fell 0.2% or 25.31 to 9,955.54.
In Paris, CAC 40 index slid 0.3% or 12.59 to 4,377.59.
surged 6.2% to €57.45 after the France-based pay television and broadband internet service provider agreed to acquire Portugal Telecom SGPS S.A. from Brazilian wireless carrier Oi S.A. for €7.4 billion or $9.2 billion.
The transaction is expected to close before the end of this month.
jumped 3.7% to €14.79 after the Germany-based energy solution provider plans to split into two companies to focus on renewable, distribution networks while new company will focus on energy production and trading businesses.
Balfour Beatty Plc
climbed 4.4% to 191.40 pence after John Laing Infrastructure Fund confirmed a non-binding proposal to the U.K.-based infrastructure developer for about £1 billion.
The company said the board will review the proposal and the company is open to “value creation opportunities” for shareholders.
Vodafone Group Plc
declined 3.8% to 225 pence after the U.K.-based mobile company reportedly plans to acquire Tesco''s video-on-demand service, Blinkbox.
Virgin Money Holdings Plc
fell 0.5% to 284.63 pence after the U.K.-based retail banking service provider agreed to acquire credit card portfolio from MBNA owned by Bank of America for about €363 million or $570 million.