Additional European Equity News

AB Science (AB FP) - Co. announced masitinib patent has been granted in Japan for the treatment of amyotrophic lateral sclerosis, strengthening the Company’s intellectual property position until 2037. (AB Science)

Antofagasta (ANTO LN) – Q1 Production Update: Copper 145.9k/T, in-line; Gold 42.2k/oz, +9.9% YY; Molybdenum 2.5k/T, +500T YY. FY guidance unchanged. (Newswires)

Bollore (BOL FP) - Co. said CMA CGM's offer will be implemented in accordance with the share buyback program authorized by the general meeting of Bolloré SE shareholders held on May 25, 2022. (Bollore)

Crédit Agricole (ACA FP) - Co. and Worldline (WLN FP) enter into exclusive discussions to create a major player in merchant services in France. (Crédit Agricole)

DSM (DSM NA) – Agreed to acquire Adare Biome, enterprise value of EUR 275mln. (Newswires)

European Autos - European Car Sales (Mar) +26% to 1.42mln, according to ACEA; Sales rise to the most in almost two years as supply recovers, according to Bloomberg. (Newswires)

Eutelsat (ETL FP) signed a multi-year deal With Fox Sports Mexico. (Newswires) 

Fashion Sector - EU antitrust regulators said they raided some firms in the fashion sector in several EU countries as they may have violated EU rules against cartels and restrictive business practices. (Newswires) 

Glencore (GLEN LN) - Teck Resources (TECK) yesterday said Glencore's proposal is "not realisic". Glencore today said it is willing to consider improvements to the Teck proposal and are willing to make an offer directly to Teck shareholders. (Newswires) 

Heineken (HEIA NA) - Q1 2023 (EUR): Organic Beer Volume -3.0% (exp. -1.0%). Revenue 7.632bln (prev. 6.989bln). Co. said it continues to experience the effects of a volatile global economy and remain cautious about the impact this has on consumer demand. (Newswires)

MediaForEurope (MFE IM) – FY (EUR): Revenue 2.8bln (exp. 2.77bln), Net Profit 216mln (exp. 216mln), adj. EBIT 322mln (exp. 336mln). Proposes a gross dividend of 0.05/shr (exp. 0.053/shr). Aims to achieve on an annual basis positive consolidated operating and net profit alongside FCF. (Newswires)

Plus500 (PLUS LN) – Q1 Update (USD): Revenue 207mln, EBITDA 100mln. (Newswires)

Voestalpine (VOE AV) – Launched an offering of EUR 250mln convertible bonds in order to optimise the funding structure. (Newswires)

Air France-KLM (AF FP) upgraded to Buy from Hold at Stiefel

Deutsche Lufthansa (LHA GY) upgraded to Buy from Hold at Stiefel

easyJet (EZJ LN) upgraded to Hold from Sell at Stiefel

Prysmian (PRY IM) upgraded to Buy from Neutral at Citi

Ryanair (RYA LN) upgraded to Buy from Sell at Stiefel

Tui (TUI LN) upgraded to Hold from Sell at Stiefel

19 Apr 2023 - 07:10- MetalsExclusive- Source: Newsquawk