Fimalac, Greene King, KBC Groep, Vodafone: Europe Equity Preview
Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index increased 1.7 percent to 269.80. The Stoxx 50 Index gained 1.5 percent to 2,532.60. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, rose 1.9 percent to 2,802.55.
Fimalac (FIM) : The French financial services company is buying 10 percent of Societe Fermiere du Casino Municipal de Cannes for 35 million euros ($51 million). Fimalac rose 1.2 percent to 28.04 euros.
Greene King Plc (GNK) : The U.K. pub owner and brewer of Old Speckled Hen ale may report full-year net income of 101.9 million pounds ($163.6 million), according to the average of nine estimates compiled by Bloomberg. The shares gained 2.5 percent to 518 pence.
KBC Groep NV (KBC) : The private-equity unit of Belgium’s biggest bank and insurer by market value agreed to sell its 20 percent stake in Top Brands, the holding company for Pizza Hut operations in Belgium and France, to Top Brands management for an undisclosed sum. KBC gained 2.6 percent to 25.82 euros.
London Stock Exchange Group Plc (LSE) : TMX Group Inc. and London Stock Exchange Group scrapped their planned merger after failing to get two-thirds investor support for the C$3.29 billion ($3.39 billion) purchase of Canada’s main stock exchange. The stock rose 3.1 percent to 956 pence.
Pernod Ricard SA (RI FP): The French drinks group said it’s selling its stake in Georgian Wine and Spirits LLC to JSC Marussia for an undisclosed sum. The shares rose 1 percent to 68.16 euros.
Vodafone Group Plc (VOD) : The world’s largest mobile- phone company said it could potentially get an annual dividend of as much as $5.5 billion from its 45 percent stake in U.S. venture Verizon Wireless. The shares rose 2.1 percent to 165.4 pence.
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