4:00 PM Frankfurt – AXA decided to exit Serbian market. Associated British Foods sales jumped 3%. Avast agreed to acquire the U.S.-based AVG Technologies for $1.3 billion. Danone agreed to acquire the WhiteWave Foods for $12.5 billion.
In London trading, FTSE 100 index jumped 84.64 or 1.3% to 6,548.18 and in Frankfurt the DAX index increased 76.48 or 0.8% to 9,449.90.
In Paris, CAC 40 index advanced 50.39 or 1.2% to 4,135.69.
gained 1.4% to €16.53 and the France-based insurance company said it plans to exit the Serbian market and agreed to sell its 100% stakes in domestic Life & Savings and Property & Casualty operations in Serbia to Vienna Insurance Group without disclosing financial terms.
Associated British Foods Plc
soared 10.1% to 2,812 pence after the U.K.-based food and ingredients retailer said group revenues in the forty-week ending on June 18 increased 3% reflecting stronger growth in the third quarter of 4% at constant currency and 7% at current exchange rates.
Avast Software N.V
, the Netherland-based security software provider agreed to acquire the U.S.-based AVG Technologies for $25 per share in cash or for a total consideration of about $1.3 billion.
The transaction is expected to close sometime between September 15 and October 15.
jumped 2.7% to €65.05 after the France-based food company agreed to acquire the U.S.-based WhiteWave Foods Co for about $56.25 per share in cash or total enterprise value of $12.5 billion including debt and certain other liabilities.
The transaction is expected to close by the end of the year.
WhiteWave Foods Co stock in NYSE stock exchange surged 18.7% to $56.28.
surged 8.9% to €21.40 after the Germany-based agricultural raw materials producer reported revenues in the first-quarter ending in May dropped 1.3% from a year ago to €1.61 billion.
Net income in the quarter soared 175% from a year ago to €55 million compared to €20 million and diluted earnings per share surged to €0.26 from €0.10.