4:00 PM Frankfurt – Conwert Immobilien agreed to sell two portfolios to a Czech company for about €48.5 million. Carillion launched £170 million convertible bond offering. Drax declined after a change in the U.K. renewable energy policy. Permira sold stake in Hugo Boss for about €500 million.
In London trading, FTSE 100 index declined 1.4% or 89.99 to 6,371.71 and in Frankfurt the DAX index slumped 1.3% or 131.06 to 9,731.47.
In Paris, CAC 40 index dropped 1.4% or 57.37 to 4,168.49.
Conwert Immobilien Invest SE
slipped 1.7% to €9.36 after the Austria-based real estate developer agreed to sell its two portfolios with assets in Slovakia to a Czech Republican company for about €48.5 million or $60 million to focus in Germany and Austria.
plunged 8.4% to 315.10 pence after the U.K.-based construction service provider today announced to offer senior unsecured convertible bonds for up to £170 million or $267 million, maturing December 2019.
Drax Group Plc
declined 10.6% to 504.50 pence after the UK Department for Energy and Climate Change plans to change its policy for renewable energy company to protect customers from additional charges in the future.
Hugo Boss AG
halted at €78.33 after Permira Holdings Ltd. plans to sell 4.9 million shares or about 7% for €500 million or $620 million in Germany-based apparel investor.