European Stocks Rise to 10-Week High as KPN Jumps on Bid
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European stocks advanced to their highest level since May as mining companies rallied after a report showed Chinese industrial production increased at a faster-than-expected pace.
A gauge of commodity producers posted its biggest increase in almost 11 months. Royal KPN NV soared the most in 15 months after billionaire Carlos Slim’s America Movil SAB offered to take over the Dutch phone company. Nestle SA fell for a third day, for the largest drag on the Stoxx Europe 600 Index.