Additional European Equity News

ATG (ATG LN) – Blackstone is reportedly in advanced talks to purchase a minority stake in the Co. of between 10-15%, via Sky News citing sources. (Sky News)

Carlsberg (CARLB DC) - Co. is considering its position. PepsiCo (PEP) has agreed to waive change of control clause in bottling arrangements it has with Britvic (BVIC LN). (Newswires) 

Deutz (DEZ GY) - Co. is considering entering the defence sector, saying that it is "certainly an attractive field", according to DPA. (DPA) Shares +8.9% in pre-market trade. 

EDP (EDP PL) - Informs of publication of decree to extend electricity distribution concessions in Brazil; strategic plan for 2024-26 foresees investment of USD 0.8bln in electricity distribution in Brazil. (Newswires) 

GSK (GSK LN) - EMA validates Jemperli marketing authorisation. EMA's CHMP for human use will begin formal review process to make recommendation to European Commission, with approval expected in H1 2025. EMA accepted application to expand use of Jemperli in combination with standard-of-care chemotherapy. Elsewhere, GSK's Omjara (momelotinib) approved in Japan for treatment of myelofibrosis. (Newswires)

Prosus (PRX NA) - FY (USD): Revenue 5.5bln (exp. 5.64bln), Adj. EBITDA -13mln (exp. -0.095mln). Achieved consolidated ecommerce profitability ahead of target. FCF increased to USD 773ml, a 3x improvement Y/Y. (Newswires)

Safran (SAF FP) - Entered into exclusive talks to acquire Preligens, an A leader for aerospace and defence. (Newswires)

SBB (SBBB SS) - Extends lease agreement of 15yrs with Hassleholm municipality for approx value of SEK 8mln. (Newswires)

thyssenkrupp (TKA GY) - Kretinsky has agreed that there will be no redundancies as part of a planned JV with thyssenkrupp's steel division, according to Reuters citing Zeitung. (Reuters)

THG (THG LN) - Trading Update: Co. performance on track and FY24 guidance unchanged. Co. and Frasers have agreed to a partnership across several areas and agreed to sell its luxury portfolio to Frasers. Positive momentum from Q4 continued  into H1'24 with strong recovery in beauty manufacturing. (Newswires) 

Vopak (VPK NA) - Gasunie and Vopak started market consultation on possibilities for LNG, hydrogen and CO2 at Eemsenergy terminal in Netherlands. (Newswires) 

24 Jun 2024 - 07:05- EquitiesResearch Sheet- Source: Newsquawk