4:00 PM Frankfurt Amundi plans to sell new shares up to 2 billion to pay for the purchase of Pioneer Investments. Daily Mail plans to reduce its stake to 49% in Euromoney. Electrolux jumped on outlook. Gemalto agreed to buy the U.S.-based 3Ms identity-management business. Sumitomo to buy Fyffes for 751 million.
In London trading, FTSE 100 index rose 16.43 or 0.2% to 6,949.48 and in Frankfurt the DAX index gained 23.46 or 0.2% to 11,203.15.
In Paris, CAC 40 index increased 17.21 or 0.4% to 4,764.78.
For the week, FTSE 100 index jumped 3.2%, the DAX index surged 6.6% and the CAC 40 index soared 5.2%.
increased 1.2% to 47.60 after Reuters said France-based asset manager plans to sell new shares between 1.5 billion and 2 billion in early 2017 to acquire the U.S. based asset manager Pioneer Investments from Italy-based UniCredit SpA.
Comdirect bank AG
slipped 0.8% to 9.49 after Germany-based online banking services provider agreed to acquire the domestic media and internet services provider OnVista AG without disclosing financial terms.
Daily Mail and General Trust Plc
gained 0.5% to 796 pence after the U.K.-based media and entertainment group said it plans to reduce its stake in Euromoney Institutional Investor Plc to about 49% from 67% at sell at a price of 975 pence per share and raise gross proceeds of approx £315 million.
The publisher and media company restated revenues in fiscal 2016 to £1.5 billion from the earlier reported revenues of £1.9 billion and operating profit was restated to £304 million compared to the reported operating profit of £364 million.
As of September 30, net debt of the publishing group was £679 million.
jumped 4.2% to 222.10 Swedish kronor after Sweden-based household-appliance maker estimated moderate growth in fiscal 2016 in Europe but economic pressures in Latin America may lower sales in the region by 5%.
The home appliance maker forecasted appliances demand in fiscal 2017 likely to increase 1% and volume growth in North America between 2% to 3%.
slumped 2.4% to 16.21 after the Netherlands-based digital security services provider agreed to acquire the U.S.-based 3M Cos identity-management business for $850 million.
surged 44.2% to 186 pence after the Ireland-based fruits and banana distributor agreed to be acquired by Japan-based Sumitomo Corp for 751.4 million or $798 million, representing 49% premium on yesterday''s price.
The transaction is expected to close early next year.