Additional European Equity News

GSK (GSK LN) – Co. released a statement on Zantac litigation. Co. confirmed it has reached a confidential settlement with James Goetz, and the case he filed in California state court, set to begin trial on July 24, 2023, will be dismissed. (GSK)

Eni (ENI IM) - The Co. and Var Energi are to acquire Neptune Energy's Norwegian oil and gas assets for approximately USD 2.3bln. (Newswires)

Severn Trent (SVT LN) - UK's CMA sets deadline of 18 August 2023 2023 for its Phase 1 decision on the Co. and Andigestion deal probe. (Newswires)

Siemens Energy (SIE GY) - CEO says he cannot say when Gamesa unit will be profitable; cannot rule out that design problems are partly responsible for turbine problems. (Newswires)

Thyssenkrupp (TKA GY) - The Co. and Industrie De Nora set price range for Thyssenkrupp Nucera IPO at EUR 19-21.50. Gross proceeds of sale seen at EUR 500-566mln and first day of trading scheduled for July 7 2023. Offer period for IPO expected to begin on June 26 and end on July 5. (Newswires)

BAE Systems (BA/ LN) initiated with Buy at Shore Capital

Bechtle (BC8 GY) downgraded to Underperform from Neutral at Exane BNP

Bunzl (BNZL LN) downgraded to Underperform from Hold at Jefferies

Ferrovial (FER SM) resumed with Overweight at Morgan Stanley

InterContinental Hotels Group (IHG LN) downgraded to Hold from Buy at Kepler Cheuvreux

Lanxess (LXS GY) downgraded to Neutral from Outperform at Exane BNP

Neste Oil (NESTE FH) upgraded to Market Perform from Underperform at TD Cowen

Puma (PUM GY) upgraded to Buy from Hold at SocGen

23 Jun 2023 - 07:38- EquitiesResearch Sheet- Source: Newsquawk