Additional European Equity News

Boohoo (BOO LN) - Response to Frasers (FRAS LN); remains willing to discuss board representation with Frasers, but will not appoint Mike Ashley. (Newswires) 

De La Rue (DLAR LN) - Said to be in talks over a potential 40% stake sale of which could be valued at USD 311mln. (Newswires) 

Daimler Truck Holding (DTG GY) - Daimler Truck is claiming that the bankrupt trucking company Kal Freight owes it about USD 139mln. The debt is secured by the titles of 1,625 tractors and trailers, following an alleged fraudulent transfer of assets to an affiliate of Kal Freight. (WSJ)

Evonik (EVK GY) - To organise its business lines in two segments; to reduce number of management levels from avg. of ten to max of six by end-2026. "2024 is a very good year for Evonik". (Newswires)

Grifols SA (GRF) - Grifols has included a clause in its EUR 1.3bln debt placement allowing Brookfield Asset Management to refinance the debt within six months, offering flexibility for Brookfield or a Brookfield-led group to make a new bid, BBG reports. (Bloomberg)

Heineken (HEIA NA) - Named former-ASML (ASML NA) CEO Wennink as supervisory board chair, via Bloomberg. (Bloomberg)

Jyske Bank (JYSK DC) - Accepts fine of just below DKK 24mln; not compylying with requirements between 2010-21. (Newswires)

IDS (IDS LN) - Royal Mail fined GBP 10.5mln for missing delivery targets, via the BBC. 

Maersk (MAERSKB DC) - Co. says if the USMX strike occurs then they would expect vessel operations to halt by midnight on 14th January. (Newswires) 

NatGas - UK government plans to reform grid connection and planning rules to attract GBP 40bln in annual investment by 2030, Bloomberg reports. The move aims to phase out fossil fuels from electricity generation and support decarbonisation.

Stellantis (STLAM IM/STLAP FP) - Co. said it will be compliant with EU targets for 2025 intermediate carbon reduction. (Newswires)

UK Energy - UK has launched a plan to make it easier for developers to build clean energy projects. (Reuters) 

Frasers (FRAS LN) downgraded to Hold from Buy at Shore Capital