4:00 PM Frankfurt – Syngenta jumped after the U.S. national-security regulator approved $43 billion proposed acquisition by ChemChina. Teleperformance agreed to acquire LanguageLine for $1.52 billion. Kingspan profit and revenues surged and said net debt shrank. Safeland net declined 21%.
In London trading, FTSE 100 index dropped 31.44 or 0.5% to 6,827.51 and in Frankfurt the DAX index decreased 60.21 0.6% to 10,483.11.
In Paris, CAC 40 index slipped 13.62 or 0.3% to 4,386.90.
Kingspan Group Plc
soared 5.3% to €23.96 after the Ireland-based building materials provider reported revenues in the first-half ending in June jumped 19% from a year ago to €1.47 billion.
Net income in the period surged 52.5% from a year ago to €125.7 million compared to the €82.4 million and diluted earnings per share increased to €0.70 from €0.46.
As of June 30, Kingspan said net debt decreased to €348.1 million from €449.3 million in the same period a year ago.
jumped 11.2% 423.50 Swiss francs after the U.S. national-security regulator approved the proposed $43 billion acquisition of Switzerland-based agriculture products maker by China-based China National Chemical Corporation or ChemChina.
Syngenta in a statement said that the company will not disclose the details of agreement with the Committee on Foreign Investment in the United States (CFIUS).
The agreement removes a major hurdle in completing the deal and the U.S. regulators decided to review the deal because more than 25% of seed and crop protection revenue in 2015 were in North America.
Syngenta reemphasized that the deal is expected to be completed by the end of the year but it still needs approval from the European Union.
plunged 6.3% to 60 pence after the U.K.-based real estate developer said revenues in the year ending in March double from a year ago to £21.1 million.
Net income in the year declined 21% from a year ago to £4.5 million compared to the £5.7 million and diluted earnings per share slipped to 15.45 pence from 15.62 pence.
surged 9.2% to €90.01 after the France-based telemarketing and tele-services provider agreed to acquire the U.S.-based language translation services provider LanguageLine Solutions LLC for about $1.52 billion.