Additional European Equity News

ams Osram (AMS SW) - Successfully completes its comprehensive financial plan reaching a healthy capital structure; raises gross proceeds of approx. CHF 781mln (Newswires)  

Andritz (ANDR AV) – Received an order from Dezhou Taiding to deliver a second chemi-thermomechanical line to the mill in Pingyuan. (Newswires)

Energy Names – UK’s Ofgem has published sector specific consultation documents for our UK Electricity Transmission business relating to the RIIO-T3 regulatory period which will be effective from April 2026 through to March 2031. (Newswires)

Entain (ENT LN) - CEO Jette Nygaard-Anderson to step down, effective immediately. (Newswires)  

Renault (RNO FP) - Confims it sold 211mln Nissan shares. The EUR 764mln cash inflow for this operation will cover financial investments made by Renault. The capital loss on disposal initially expected to be up to EUR 1.5bln and therefore be reduced to around EUR 1mln. (Newswires) 

Norwegian Banks – Finance Ministry has asked Finanstiilsynet (Norwegian FSA) to investigate changes in banks capital requirements, incl. introduction of a new and more risk-sensitive standard method for calculating requirements for credit risk. On average, CET1 requirement will be reduced by 2pp as a result and the reduction will generally be higher for smaller banks. (Newswires)

Novozymes (NZYMB DC) - Co. and Chr. Hansen announce name of future combined company; Novonesis. (Newswires) 

Santander (SAN SM) – Optional early redemption of all outstanding non-step-up non-cumulative contingent convertible perpetual preferred Tier 1 securities. (Newswires)

Telefonica (TEF SM) - Board recommends acceptance of voluntary public acquisition offer for shares of Telefonica Deutschland (O2D GY). (Newswires)

Yara (YARA NO) - Acquires organic-based fertiliser business of Italy's Agribios. (Newswires) 

13 Dec 2023 - 07:05- EquitiesResearch Sheet- Source: Newsquawk