4:00 PM Frankfurt – Elliott Capital increased its stake to 19% in the U.K.-based Alliance Trust. BP agreed to acquire gasoline stations from Australia-based Woolworths for $1.3 billion. Loxam raised its offer for the U.K.-based Lavendon Group Plc to £442 million.
In London trading, FTSE 100 index gained 37.18 or 0.5% to 7,105.35 and in Frankfurt the DAX index added 0.30 to 11,472.54.
In Paris, CAC 40 index edged up 0.38 to 4,848.66.
Alliance Trust Plc
increased 0.6% to 638.50 pence after the U.S.-based activist investor Elliott Capital Advisors raise its stake in the U.K.-based investment trust to 19% from 17%.
gained 0.7% to 506.40 pence after the U.K.-based oil and gas producer agreed to acquire a chain of gas stations from Australia-based supermarket operator Woolworths Ltd for $1.29 billion.
""The release of A$1.8 billion from the sale will be used to strengthen our balance sheet and reinvest in our core businesses,"" chief executive officer of Woolworths, Brad Banducci said.
The transaction is not expected to complete by January 2018.
Intesa Sanpaolo SpA
slipped 0.9% to €2.43 after Reuters said Italy-based banking and financial services provider has narrowed the list of bidders from seven to Apollo Global Management, Cerberus and Christofferson Robb & Company for the sale of €2.5 billion or $2.61 billion bad loan portfolio.
, the France-based industrial equipment supplier raised its offer of 260 pence per share in cash for the U.K.-based Lavendon Group Plc to £442 million or $542.86 million.
Loxham lifted its offer after higher cash offer of 230 pence per share from Belgium-based industrial equipment supplier TVH Group NV.