Additional European Equity Stories

Atlantia (ATL IM) - Brookfield confirms it met with Benetton's Edizione re. a possible offer for Atlantia, made a prelim. non-binding proposal to Edizione on March 30th. Additionally, Brookfield has an exclusive agreement with ACS, through which ACS could acquire a majority stake in the road unit of Atlantia. (Newswires)

Bauer (B5A GY) - FY21 (EUR): Revenue 1.537bln (prev. 1.453bln), EBIT 36mln (prev. 55mln), Order Backlog 1.36bln (prev. 1.16bln). 2022 forecast for a significant increase in total group revenues and EBIT - labeled as a cautious forecast. No dividend distribution. (Newswires)

Entain (ENT LN) - Q1 Trading Update: Retail is up strongly YY due to closures in the prev. year, volumes settling within 5-10% of pre-COVID levels. NGR -8%, in-line with expectations. (Entain)

Ericsson (ERICB SS) - Laurin, senior VP and head of Managed Services is to leave on August 15th. (Newswires)

Sanofi (SAN FP) - Dupixent has received EU Commission approval for those aged 6-11 with severe asthma with type 2 inflammation. (Newswires)

Shell (SHEL LN) - Q1 Update: Upstream Production exp. 1.9-2.05mln BOEPD, chemicals margins expected in-line QQ. Q1 post-tax impact from impairment of non-current assets and additional charges re. Russian activities are expected to be USD 4-5bln, charges are expected to be identified and therefore will not impact adj. earnings. (Shell)