Additional European Equity News

Ageas (AGS BB) - Co. and Bain Capital agreed GBP 1.295bln cash transaction for Esure. To generate full cost saving potential in excess of EUR 100mln/yr. (Newswires) 

Ashmore (ASHM LN) - Trading Statement: AuM decline by USD 2.6bln in quarter-end 31 March 2025. Notes that Emerging Markets performed well. (Newswires) 

Convatec (CTEC LN) - Notes that Innovamatrix sales outlook raised to USD 75mln (prev. guided 50mln) for FY25. (Newswires)  

Fevertree (FEVR LN) - Begins GBP 29mln extension of share buyback, raising total program to GBP 100mln. (Newswires) 

IDS (IDS LN) - EP Corp has so far received valid acceptances of its offer in respect of approx. 7.59% if IDS' issued share capital. (Newswires) 

SKF (SKFB SS) - Completed previously announced divestment of Ring and Seal operation in the US; to result in capital gain of approx. SEK 0.8bln in Q2. (Newswires) 

Wood Group (WG/ LN) - Sidara proposes USD 450mln capital injection into the Co.; received non-binding conditional proposal from Sidara at 35p/shr. (Newswires) 

Danone (BN FP) downgraded to Neutral from Buy at Citi 

Elia (ELI BB) downgraded to Hold from Buy at Deutsche Bank

IHG (IHG LN) upgraded to Hold from Sell at Deutsche Bank

Outokumpu (OUT1V FH) upgraded to Buy from Hold at Deutsche Bank