European Stocks Rise as Fresenius Gains on Hospitals Deal
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European stocks advanced, extending a second weekly gain for the Stoxx Europe 600 Index, as companies from Fresenius SE to Kabel Deutschland Holding AG rallied following mergers-and-acquisitions activity.
Fresenius rose 3.6 percent after its Helios subsidiary agreed to buy 43 hospitals from Rhoen-Klinikum AG. BHP Billiton Ltd. and Anglo American Plc both dropped at least 2 percent, contributing the most to a decline by a gauge of commodity producers. TDC A/S fell 3.1 percent as a group of private-equity firms sold its stake in Denmark’s biggest phone company.