Additional European Equity News

BP (BP/ LN) - Proposal to sell certain North Sea assets to Serica (SQZ LN); Serica to acquire assets for USD 232mln. (BP) 

Canal+ (CAN LN) - Results of the mandotory offer to Multichoice; Canal+ offer has been accepted by Multichoice shareholders holding more than 90% of offer shares. (Canal+)

Defence names - The German government is considering to exempt interest expenses on loans used to finance defence spending from the debt brake. (Handelsblatt)

Lloyds (LLOY LN) - Co. to take additional GBP 800mln charge, estimates GBP 1.95bln (prev. provision of GBP 1.2bln) impact from mis-sold motor finance case. (Lloyds)

Legal & General (LGEN LN) - Appointed Scott Wheway as Chair. (Legal & General) 

Nexans (NEX FP) - Co. appoints Julien Heuber as CEO, effective Oct 31. (Newswires)

Alcon (ALC SW) reiterated with Buy at Citi; analysts still see upside to EPS with recent concerns overdone. With shares at the bottom of its historical ranges, sees Alcon as a “attractive opportunity”.

Volvo (VOLVB SS) upgraded to Market Perform from Underperform at Bernstein