Additional European Equity News

A2A (A2 IM) - Co. can attain the required funds to cover the acquisition of Enel's (ENEL IM) power grid via the sale of its gas grid network, according to Milano Finanza. (Newswires)

Galp (GALP PL) - Signed an agreement with Cheniere for access to US LNG. (Newswires)

Fincantieri (FCT IM)/Leonardo (LDO IM) - Italian navy has exercised an option for a fourth OPV, worth EUR 236mln. (Newswires)

Infineon (IFX GY) - CEO says they are to cut around 1.4k jobs globally and will move an additional 1.4k. (Newswires)

Italian Banks - Italian gov't could, according to reporting by La Repubblica, impose a new tax on banks in the scenario that fiscal proceeds are low; gap to be covered by a solidarity contribution seen at around EUR 4bln. (La Repubblica)

Ocado (OCDO LN) - Maximum spend amount relating to the tender offer is GBP 700mln. (Newswires)

Lloyds (LLOY LN) - Co. has hired Amazon's (AMZN) Web Service executive Dhawan to lead its AI strategy. (FT)

Stellantis (STLAM IM/STLAP FP) - Buybacks at the name have reduced the number of outstanding shares and increased the stake held by the main shareholders, via Il Giornale; with the combined holding of Exor, Peugeot and the French Gov't to eclipse 30% by end-2024. (Newswires)

Telecom Italia (TIT IM) - CEO said they are confident around completing the sale of stakes in Inwit (INW IM) and Sparkle this year, via Il Giornale; adding, that a merger with Iliad or Poste Italiane's (PST IM) telecom's units was a theoretical possibility if conditions were met. (Newswires)

Wood Group (WG LN) - Sidara said it does not intend to make a firm offer for Wood Group. (Newswires) 

05 Aug 2024 - 07:15- EquitiesResearch Sheet- Source: Newsquawk