With the trending merges and acquisitions, the European stocks index futures rose Monday especially among pharmaceutical industry.
Novartis, Swiss multinational pharmaceutical company is in the spot light after announcing that it will acquire GlaxoSmithKline’s oncology products for a whopping $14.5 billion. Novartis will then sell the company’s vaccine business to GSK for $7.1 billion including royalties. Novartis will also transfer the power of its animal health division for $5.4 billion to Eli Lilly.
AstraZeneca, British-Swedish multinational pharmaceutical and biological company, will also get much attention after reports came in that its U.S. pharmaceutical counterpart Pfizer approached them and proposed to acquire their company for 60 billion pound, which is about $101 billion.
Market rise affected by Ukrain tensions
Euro STOXX 50, UK’s FTSE 100, France’s CAC, Germany’s DAX went up 0.3 to 0.4 percent at 0628 GMT. The stock market’s gains last Monday are greatly affected by the tensions rising in Ukraine. The tensions could limit the gains. International agreements to avoid further conflicts in Ukrain were diminishing last Monday, especially because pro-Moscow gunmen will not surrender the government buildings they took over.
Here are other important European stock options and their updates:
Philips, on the other hand, reports of a very big decline in quarterly operating profit due to restructuring costs and other unfavourable currency effects on weighted salary averages.
UniCredit, one of Italy’s biggest banks, got 16 expressions of interest after they bought UnCredit Credit Management Bank (UCCMB).
Banco Popolare, another giant Italian bank, reported Thursday that it completed its 1.5 billion euros or $2.1 billion capital increase at 99.14 % subscribed.
Lufthansa airline is engaging in talks with other giant companies about taking over their IT sector.
Banca Monte Dei Paschi Di Siena, Italy’s third biggest bank, approved last Friday its proposed 5 billion euros boost in share sale size to cover possible gaps that might be experienced by other banks in Europe.
Fiat Cgrysler, along with partner Guangzhou Automobile Group Co., reached an agreement to produce Jeep in China.
Merck KGaA, the German chemical and pharmaceutical company, for the sixth time extended their offer period to acquire AZ Electronic Materials since it is still looking for Chinese antitrust approval.
Vivendi and Vodafone could partner up after Vivendi won a bidding war.
Fessenheim Nuclear Power Plant (EDF) was shut down last Saturday after an unhazardous incident in the facility, but far from the reactor. EDF and China Datang Corporation signed a deal with a 49 percent stake for EDF from the coal-fired power plant venture of Datang International Fuzhou Power Generation Company Ltd. in Fuzhou site in Jiangxi province, South-Eastern China.
Accor, the biggest hotel group in Europe, reported that its difficulty in it French market will still be around in the next quarter.