Additional European Equity News

Adyen (ADYEN NA) - Co. partners with Affirm in the UK. (Newswires) 

Crest Nicholson (CRST LN) - Reaffirms FY guidance, targets mid-single digit % growth in home completions to 2300 units. (Newswires)

Infineon Technologies (IFX GY) - Infineon Technologies plans to expand its workforce in India, aiming to double it to 5,000 employees by 2030, DigiTimes reports. The company will focus significantly on research and development. Currently, Infineon employs 2,500 people in India, primarily dedicated to innovation efforts. (DigiTimes)

Iberdrola (IBE SM) - CMA clears Iberdrola-NWEN merger (Newswires)

Nexi (NEXI IM) - Corriere reports that TPG has submitted an EUR 850mln offer to Nexi for the system that allows banks to settle their give and take relationship. (Corriere)

ThyssenKrupp (TKA GY) - CEO Burkhard said the recent German fiscal adjustment shows that “when it comes to the defense budget, there is more or less no limit anymore.”, adding “This attainable market in electronics, drones, surface vessels and submarines, we expect that it’s doubling or even tripling by the end of this decade,” (CNBC)

Verbund (VER AV) - FY (EUR): Revenue 8.22bln (exp. 9.08bln), EBITDA 3.48bln (exp. 3.36bln). Expects windfall tax in range of EUR 50-100mln to be levied for FY25. (Newswires) 

UK Energy - UK’s OFGEM fast tracks GBP 4bln to expand electricity grid (Newswires)

Stellantis (STLAM IM/STLAP FP) downgraded to Neutral from Overweight at Piper Sandler