4:00 PM Frankfurt bet-at-home.com lifted fiscal 2017 revenues. Deutsche Bank plans to raise 8 billion through a rights offering. PSA agreed to buy Opel and Vauxhall unit from GM. Standard Life agreed to buy Aberdeen Asset for £3.8 billion.
In London trading, FTSE 100 index slumped 30.06 or 0.4% to 7,344.20 and in Frankfurt the DAX index slipped 48.04 or 0.4% to 11,979.17.
In Paris, CAC 40 index dropped 19.68 or 0.4% to 4,975.45.
advanced 2.5% to 104 after Germany-based online sports betting and gaming services provider said revenues in the year ending in December soared 14% from a year ago to 138.7 million.
Net income in the year rose 1.1% to 31 million from a year ago income of 30.7 million.
The online betting services provider forecasted revenues in the fiscal 2017 of about 144 million and operating profit of about 34 million and 38 million.
Deutsche Bank AG
declined 5.9% to 18 after Germany-based investment bank said it plans to raise 8 billion or $8.5 billion through rights issue of 687.5 million new shares on March 21 with a price at about 39% discount to Friday closing price of 19.14.
The lender also plans to list small stake in its asset management business and sell off other assets and raise additional 2 billion.
, the France-based automobile manufacturer and Citroen today agreed to acquire Opel, including Vauxhall division and European operations of GM Finance, a unit of General Motors in a deal valued at about 2.2 billion or £1.9 billion.
Peugeot said $2.3 billion spending in Opel and Vauxhall brand will return to profit and estimate to save £1.47 billion or $1.8 billion a year by 2026.
In 2016, Opel and Vauxhall sold 1.16 million units in the Europe, one-tenth of GMs overall 10 million of global sales. PSA has 17% of market share in Europe and second in the region.
""We''re confident that the Opel-Vauxhall turnaround will significantly accelerate with our support,"" chief executive officer of PSA Peugeot Citroen Carlos Tavares said.
Standard Life Plc
soared 5.7% to 400 pence after the U.K.-based investment and life insurance services provider agreed to acquire Aberdeen Asset Management for about £3.8 billion or $4.7 billion.
Under the terms, Aberdeen stockholders will receive 0.757 new of Standard Life and shareholders of Standard Life will own 66.7% of the combined group and group headquartered will be in the Scotland.
jumped 3.4% to 13.95 after Germany-based energy producer plans to sell its 25% stake in the Yuzhno-Russkoye gas field in western Siberia to Austrian oil and gas company OMV AG for about 1.75 billion or $1.86 billion.
The transaction is expected to close by the end of this year.