Additional European Equity News

Assa Abloy (ASSAB SS) - Q2 (SEK): EBIT 6.08bln (exp. 6.08bln), Sales 37.96bln (exp. 38.34bln). (Newswires)  

Allianz (ALV GY) - To acquire at least 51% of shares in Singapore-based Income Insurance for around SGD 2.2bln. (Newswires) Confirms earlier Bloomberg reports.

Eni (ENI IM) - Began construction of a 250 MW hybrid renewable gas power plant. (Newswires) 

EssilorLuxottica (EL FP) - To buy Supreme from VF Corp. for USD 1.5bln in cash, via Bloomberg. Elsewhere, signs agreement to acquire majority stake in Heidelberg Engineering and continue to make moves in med-tech space. (Bloomberg/Newswires) 

Fincantieri (FCT IM) - Completed capital hike for a total value of EUR 399mln. (Newswires) 

Grifols (GRF SM) - Appoints Montserrat Munoz Abellana as new lead independent director of Co's board. (Newswires) 

Investor (INVEB SS) - Q2 (SEK): Profit 67mln (exp. 48.5mln) Says global demand remains mixed. (Newswires) 

LVMH (MC FP) - Italy's antitrust agency starts proceedings against Armani and Dior over alleged exploitation of workers. (Newswires) 

Reckitt Benckiser (RKT LN) - Tornado damage to Mount Vernon warehouse; nutrition sales likely to be affected in short term. Insurance currently expect will largely offset impact on earnings. (Newswires) 

Rio Tinto (RIO LN) - Appoints new copper chief exec, Katie Jackson. (Newswires) 

RWE (RWE GY) - Exclusive Seabed rights for an offshore development project in Bass Strait, in Victoria. (Newswires) 

Smiths (SMIN LN) Sells 1.2mln shares in ICU Medical; will receive GBP 117mln. (Newswires) 

Spie (SPIE FP) - Signs an agreement for the acquisition of Otto Life Science Engineering GmbH (OTTO LSE) in Germany. The transaction will result in an EPS accretion for the Group from the first year of consolidation.

Thule (THULE SS) - Q2 (SEK): Sales 3.09bln (exp. 3.2bln). (Newswires) 

Adidas (ADS GY) upgraded to Outperform from Market Perform at Telsey 

Prysmian (PRY IM) reinstated with Buy at Goldman Sachs

17 Jul 2024 - 07:05- EquitiesResearch Sheet- Source: Newsquawk