Additional European Equity News

Bayer (BAYN GY) - Co.'s Kerendia met its primary endpoint in its investigational phase 3 FIND-CKD study, demonstrating a statistically significant improvement in the eGFR in patients with non-diabetic CKD. (Bayer)

Commerzbank (CBK GY), UniCredit (UCG IM) - UniCredit has launched a voluntary exchange offer on Commerzbank, do not expect to achieve control. Offer looks to exceed the 30% stake. Offer represents a EUR 30.80/shr price, a 4% premium. (UniCredit)

Derwent London (DLN LN) - Co. has announced that it has pre-let the entire 136,300 square feet of offices at Network W1 to Databricks on a 15-year lease with a break at year 10. The annual rent is GBP 14.1mln. (Derwent London)

EssilorLuxottica (EL FP) - Co. has extended its licence agreement with Dolce&Gabbana through 2050 for the development, production and worldwide distribution of prescription frames and sunglasses under the Dolce&Gabbana brand. (EssilorLuxottica)

GN Store Nord (GN DC) - To sell its hearing unit to Amplifon (AMP IM) for DKK 17bln. (Newswires)

Grifols (GRF SM) - Co. to double new Revolving Credit Facility (RCF) to around USD 2bln. (Grifols)

UPM-Kymmene (UPM FH) - Co.'s CFO and Executive VP Korpeinen is to retire at the end of 2026, but will continue as Senior Advisor until mid-2027. (UPM-Kymmene)

Centrica (CNA LN) upgraded to Hold from Reduce at Kepler Cheuvreux

Flughafen Zurich (FHZN SW) reiterated with Buy at Bank of America

Flutter Entertainment (FLTR LN) downgraded to Hold from Buy at Kepler Cheuvreux

Ipsen (IPN FP) upgraded to Neutral from Underperform at BNP Paribas

RWE (RWE GY) upgraded to Hold from Reduce at Kepler Cheuvreux

Taylor Wimpey (TW/ LN) downgraded to Hold from Buy at Stifel Nicolaus

Voestalpine (VOE AV) downgraded to Neutral from Outperform at Oddo Securities

Zurich Insurance (ZURN SW) upgraded to Hold from Reduce at Kepler Cheuvreux