Additional European Equity News

Air Liquide (AI FP) & TotalEnergies (TTE FP) - Announces major investments to support European decarbonisation, upon completion, investment represents an investment of EUR 1bln (Newswires)

Antofagasta (ANTO LN) - FY (USD): Revenue 6.6134bln (exp. 6.670bln). EBTIDA 3.43bln (prev. 3.09bln Y/Y). EPS 0.63 (exp. 0.6508, prev. 0.72). Copper Outlook: “We are encouraged by the outlook for copper as demand remains strong and global constraints, such as grade decline, ore hardness and capex inflation, are steadily limiting existing supply expansions.” “Copper’s unique role in energy security and electrification means that the world needs more of it, and our projects are on track to deliver industry-leading levels of responsible copper supply growth. Our strong balance sheet enables us to invest in profitable growth for the medium and long term. (Newswires) 

Anglo American (AAL LN) - Agrees the sale of Nickel business for up to USD 500mln; deal includes USD 350mln upfront, USD 100mln earnout and USD 50mln contingent. (Newswires) 

Assura (AGR LN) - Concluded that the proposal from KKR undervalued the co.; no further proposal has been received. (Newswires)

Banco BPM (BAMI IM) - Presumes the acquisition of Anima (ANIM IM) could produce effects on prudential flaggings on CET1 ratio starting in H1'25. (Newswires) 

Eni (ENI IM) - Signed an agreement for KKR to increase stake in Enilive by purchasing 5% of share capital for EUR 587.5mln, giving KKR a 30% stake. (Newswires) 

Intercontinental Hotels (IHG LN) - FY (USD): EPS 4.32 (prev. 3.76 Y/Y), Revenue 4.92 (prev. 4.62 Y/Y); Global RevPar1 +3% (prev. +4.6% Q/Q). announces a USD 900mln share buyback, raises a dividend +10% to USD 1.14/shr. (Newswires) 

Plus 500 (PLUS LN) - FY (USD): EPS 3.57 (prev. 3.17 Y/Y), Revenue 768.3mln (prev. 726mln Y/Y). Announces USD 110mln in share buybacks. (Newswires) 

Safran (SAF FP) - UK CMA has launched a merger investigation into the Safran/Collins deal. The Phase 1 decision deadline is set for 16 April 2025. (Newswires) 

Airtel Africa (AAF LN) downgraded to Neutral from Buy at Citi