Additional European Equity News

Airbus (AIR FP) - Poised to take over all or part of the operations of four Spirit AeroSystems (SPR) plants as part of an upcoming deal to carve-up Spirit, via Reuters citing sources. (Newswires)

Anglo American (AAL LN) - De Beers cycle 5 sales value USD 315mln. (Newswires)

Aston Martin (AML LN) - Announced the debut of Valiant, a new limited edition sportscar, deliveries of it to begin in Q4. (Newswires)

Atos (ATO FP) - Has received from the representative committee of its bondholders (Steerco) a revised global financial restructuring proposal taking into account the decision from Onepoint, Butler Industries and Econocom to withdraw from discussions on 25th June. Further, EPEI also proposed to restart discussions with the Company and its financial creditors. Elsewhere, Co's British subsidiary has warned that there is a "material uncertainty" about its ability to continues as a going concern. (Atos/Times)

Azimut (AZM IM) - Co. raised EUR 755mln with its first Infrastructures for Growth-ESG Fund, via MF; intend to launch another fund in H2 targeting EUR 500mln. (Newswires)

Bayer (BAYN GY) - CEO expects the re-organisation to be implemented quickly. (Handelsblatt)

Covestro (1COV GY) - CEO believes discussions with Adnoc must be open-ended, a new owner would have to show how they can maintain and accelerate the growth strategy. (Handelsblatt)

Drax (DRX LN) - Agreement for the sale of up to 90k small & medium sized customer meter points from Opus Energy Group. (Newswires)

IDS (IDS LN) - Kretinsky's investment group will formally publish its offer online and via post, at which point the investment group can begin lobbying shareholders to accept the offer. (BBC)

Liontrust Asset Management (LIO LN) - FY (GBP): Revenue 197mln (exp. 189mln), Net -3.5mln (exp. 1mln), AUM 27.8bln, dividend maintained at 0.72/shr. Optimistic about the long-term outlook for the UK economy and stock market. (Newswires)

Phoenix Group Holdings (PHNX LN) - To explore the sale of Sunlife, which is no longer core to the Co's vision. (Newswires)

Sanofi (SAN FP) - Called for initial bids for the USUD 20bln consumer health division, via Bloomberg citing sources. (Newswires)

Telefonica (TEF SM) - Saudi Telecom Co., which currently has a 4.9% stake, has informed the Spanish government of its desire to increase this to 9.9% as soon as possible, via El Confidencial citing sources. (El Confidencial)

26 Jun 2024 - 07:10- EquitiesResearch Sheet- Source: Newsquawk