4:00 PM Frankfurt Petrobras agreed to sell its 90% stake in natural gas pipeline unit to a consortium led by Canada-based Brookfield Asset Management. RWEs Innogy launched initial public offering with a price range between 32 and 36 per share.
In London trading, FTSE 100 index slid 5.26 to 6,906.14 and in Frankfurt the DAX index fell 53.56 or 0.5% to 10,620.58.
In Paris, CAC 40 index slipped 23.57 or 0.5% to 4,486.29.
For the week, FTSE 100 index jumped 2.9%, the DAX index advanced 3.4% and the CAC 40 index soared 3.6%.
Petroleo Brasileiro SA Petrobras
dropped 1.1% to 13.85 Real after Brazil-based natural gas producer agreed to sell its 90% stake in natural gas pipeline unit to a group of consortium led by Canada-based Brookfield Asset Management Inc for about $5.2 billion.
Petrobras is targeting to raise additional $19.5 billion in partnerships and divestments for 2017 and 2018 and is planning to divest the assets worth about $15.1 billion in 2015 and 2016.
The transaction is expected to close in December.
slipped 1.2% to 14.91 after the electricity and natural gas supplier''s renewable energy subsidiary Innogy SE offered new shares in initial public offering up to 5 billion at a priced between 32 and 36 per share.
Innogy plans to list its shares on the Frankfurt Stock Exchange.
Smiths Group Plc
rose 0.2% to 1,418 pence after the U.K.-based industrial conglomerates agreed to sell its Artificial Lift business John Crane to Endurance Lift Solutions, LLC for about $39.5 million in cash.
The transaction is expected to close by the end of this year.
fell 1% to 221.15 pence after the U.K.-based telecommunications services provider disclosed a $7 billion equity investment into its Indian unit and also plans to list its Indian unit in initial public offering to raise between $2 billion and $3 billion.
Separately, Vodafone signed an agreement with Africa-based 4G-LTE rival Afrimax Group to launch in Cameroon.