4:00 PM Frankfurt Fagron plunged on the U.S. rival acquisition. Grenke profit surged 21%. HPI terminate the talk on the merger with the Telecel Group. Swiss Re said SoftBank stake will not to exceed more than 10%.
In London trading, FTSE 100 index slid 11.64 or 0.2% to 7,018.82 and in Frankfurt the DAX index decreased 85.13 or 0.7% to 11,917.32.
In Paris, CAC 40 index fell 23.32 or 0.5% to 5,128.80.
plunged 6.2% to 12.47 after Belgium-based pharmaceutical compounding services provider agreed to acquire the U.S.-based rival for a total consideration of about 56.9 million or $70 million in cash.
jumped 4.4% to 90.40 after Germany-based leasing and banking services provider reported revenues in the year ending in December jumped 5.6% from a year ago to 559.6 million.
Net income in the year surged 21.1% to 125 million from 103.2 million in a year ago period and diluted earnings per share dropped to 2.74 from 2.29.
, the Germany-based industrial service provider today said that it had terminate the talk on the merger with the Telecel Group and added that integration is not in the best interests of the company.
declined 3.2% to 79.22 after Germany-based reinsurer said that the minority investment of SoftBank was ""currently expected not to exceed more than 10%"" and both companies are exploring areas of potential strategic cooperation.
Swiss Re reaffirmed that its capital position remains very strong and the insurance company is considering to issue new capital.
In February 2018, Swiss Re entered into preliminary discussions with Japan-based conglomerate SoftBank Group Corp. for a potential partnership and minority investment.