4:00 PM Frankfurt – Deutsche Bank and retail property group ECE agreed to acquire PalaisQuartier for about €800 million. Just Eat raised around £139 million. Sage Group profit surged 295% to £188 million. Telenor and TeliaSonera agreed to merge Danish mobile businesses.
In London trading, FTSE 100 index fell 0.2% or 14.44 to 6,727.66 and in Frankfurt the DAX index gained 0.4% or 38.14 to 9,972.22.
In Paris, CAC 40 index rose 0.2% or 8.22 to 4,396.52.
Deutsche Bank AG
gained 1.6% to €26.67 after the Germany-based financial service provider and retail property group ECE agreed to acquire PalaisQuartier shopping center and hotel complex in the center of Frankfurt for about €800 million.
Just Eat Plc
plunged 8.8% to 309.30 pence after the U.K.-based online takeaway food platform operator founders sold their 8.7% stake or 44 million shares to raise around £139 million.
declined 3.2% to €30 after the France-based retail bank BPCE sold its stake of 4% in the real estate developer.
The Sage Group Plc
climbed 5.2% to 424.60 pence after the U.K.-based enterprise software developer reported revenue in the year ending in September declined 5% to £1.31 billion from £1.38 billion a year ago period.
Net profit in the year surged 295.1% from a year ago to £187.7 million compared to £47.5 million and diluted earnings per share jumped to 17.04 pence from 3.96 pence.
jumped 2.1% to 153.20 kronor after the Norway-based telecom company and Sweden-based TeliaSonera AB agreed to merge Denmark-based mobile businesses to new joint venture on an equal valuation. The company expects to generate revenue of about 9.1 billion kronor or $1.5 billion.
The transaction expected to close in next year.