Additional European Equity News

Air France-KLM (AF FP) - It was reported on Frida that Co. is interested in a potential USD 2-3bln deal for 35-50 Embraer 190-E2 aircrafts. (Les Echos)

Bayer (BAYN GY) - CEO says it is difficult to say the impact of the Ukrainian crisis. (Newswires)

Deutsche Bank (DBK GY) - CEO urged the govt to hold off on further Russian sanctions for now. (Newswires) 

IWG (IWG LN) – CEO Dixon says they are going to withdraw from Russia. Currently, they have nine offices in the country. Have cut all investment, will gradually withdraw from Russia. (Times)

London Stock Exchange (LSEG LN) - USD 1bln deal to sell wealth asset, Beta+, to a consortium of Clearlake Capital and Motive Partners. (Sky News)

Lonza (LONN SW) - Oasmia Pharmaceutical and Lonza announced that the Cos have signed a large-scale manufacturing agreement for the main drug intermediate in the supply of clinical material for its investigational drug candidate, Cantrixil. (Lonza)

Renault (RNO FP) - Co's Avtovaz has partially halted production amid supply shortages, according to reports. (Newswires)

Saipem (SPM IM) - Unconfirmed reports state that in a gross EUR 7.3bln package, Saipem's capital increase will be EUR 2bln, according to reports citing Il Messagero. (Newswires) 

Stellantis (STLA IM/FP) - S&P Global upgrades the Co. to "BBB" from "BBB-". (Newswires) 

Telecom Italia (TIT IM) - KKR is said to be divided on how to proceed with a non-binding offer for the Co, according to reports citing Il Messagero (Newswires) Seperately, Fitch downgraded its rating to "BB" from "BB+". (Newswires)

Vallourec (VK FP) - Philippe Guillemot has been appointed as CEO. (Newswires) 

Volkswagen (VOW3 GY) - Executive says the Changchun plant is idled at least through Friday. (Newswires) 

Aroundtown Property (AT1 GY) downgraded to Neutral from Outperform at Exane BNP

Bechtle (BC8 GY) upgraded to Buy from Hold at Bankhaus Metzler

Klepierre (LI FP) downgraded to Underperform from Neutral at Exane BNP

Merlin Properties (MRL SM) upgraded to Outperform from Neutral at Exane BNP

Sabadell (SAB SM) upgraded to Buy from Hold at Jefferies 

TotalEnergies (TTE FP) downgraded to Hold from Buy at Santander

21 Mar 2022 - 07:40- EquitiesResearch Sheet- Source: Newsquawk