Additional European Equity News

ABN AMRO (ABN NA) - Co. announces a SRT transaction with funds managed by Blackstone (BX). This transaction provides first loss protection on a EUR 2 billion portfolio of large corporate loans. (Globe Newswire)

BNP Paribas Bank Polska (BNP FP) - Approves a 2026-2030 strategy ‘accelerate 2030’. Under the 2026-2030 strategy, both Co.'s aim to increase the net retail customer base by 1mln, targets a dividend payout of 75% in 2030, targets a cost/income ratio below 28% in 2030, and to achieve 10% market share in corporate loans. The strategy will also focus on digitalisation, cost efficiency and sustainable finance. Targets revenue growth of +6% CAGR in 2024-2030. (BNP Paribas)

Daimler Truck (DTG GY)/ Edenred (EDEN FP) - Cos are to partner together to strengthen the development of electric charging  infrastructure in Europe and support the energy transition in road transport. (Edenred)  

Drax (DRX LN) – Trading Update: Drax now expects 2025 full year Adj. EBITDA to be around the top end of consensus estimates. Continuing to target post 2027 Adj. EBITDA of GBP 600-700mln. (Drax) 

Entain (ENT LN) - Michael Snape is to be appointed as CFO, following current CFO Rob Wood stepping down from his role. Snape will assume his role as CFO in June 2026. (Entain)

Equinor (EQNR DC) – Equinor, Var Energi and Petoro will invest over NOK 4bln in the first discovery tied back to the Johan Castberg field in the Barents Sea. (Newswires)

Exosens (EXENS FP) – Exosens and Theon International announce the signing of a contract with Occar for 100k night vision Mikron binoculars. Total value approximately EUR 500mln. (Newswires)

Munich Re (MUV2 GY) – Co. likely to exceed targets of nearly completed 2025 strategy. About investments, the original plan to phase out thermal coal by 2040 is to be brought forward and achieved by 2030. (Newswires)

Prudential (PRU LN) - Co. sold its 4.5% stake in Indian asset management JV ICICI Prudential for USD 545mln ahead of its IPO. (Times)

STMicroelectronics (STMPA FP) - The European Investment Bank (EIB) and STMicroelectronics announce EUR 1bln agreement "to boost Europe’s competitiveness and strategic autonomy"; Credit line to strengthen Europe’s semiconductor industry and support innovation. (STMicroelectronics) 

Snam (SRG IM) - Co. has agreed to acquire Igneo's 48.2% stake in OLT, for a sum of EUR 126mln. (Snam)

Schneider Electric (SU FP) - Co. plans EUR 2.5-3.5bln share buyback program through 2030 (Bloomberg)

UK Housing - UK RICS Housing Survey (Nov) -16.0 vs. Exp. -21.0 (Prev. -19.0).

UK Defence - UK MoD reportedly sat on a file that ­accused Elbit Systems UK of breaching business appointment rules for seven months without carrying out an investigation (Times)

UK Defence - Argentinean President Milei told The Telegraph his country was in negotiations with the UK to overhaul a Falklands-era weapons ban that could allow it to purchase UK defence technology. (The Telegraph)

Stellantis (STLAP FP/ STLAM IM) downgraded to Underperform from Neutral at BNP Paribas.

Sainbury's (SBRY LN) upgraded to Buy from Neutral at Citi 

Travis Perkins (TPK LN) downgraded to Sell from Buy at Deutsche Bank 

11 Dec 2025 - 07:35- EquitiesEU Research- Source: Newsquawk