Market Updates
Europe Earnings: Bankia, Boskalis, Lagardere, Rio Tinto, Segro
Nigel Thomas
24 Dec, 2013
New York City
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Bankia sold its stakes in private-equity firms. Boskalis
[R]3:40 PM Frankfurt – Bankia sold its stakes in private-equity firms. Boskalis’s subsidiary won a contract for $275 million. Lagardere agreed to acquire 49% stake of Regie 1 from Publicis Groupe. Rio Tinto plans to sell 19.1% stake in copper and gold mine in Alaska.[/R]
In London trading, FTSE 100 index gained 0.2% or 15.56 to 6,694 and in Frankfurt the DAX index jumped 0.9% or 88.64 to 9,489.
In Paris, CAC 40 index rose 0.1% or 3.12 to 4,218.
Bankia SA increased 1% to €1.17 after the Spain-based commercial bank sold its stakes in private-equity firms.
Koninklijke Boskalis Westminster NV jumped 2.7% to €38.22 after the Netherlands-based infrastructure service provider’s subsidiary Dockwise won a contract from Bechtel for transport equipments from China and Malaysia to Chevron-operated Wheatstone project in Western Australia.
The contract valued estimated at about $275 million.
Lagardere SCA slipped 1% to €26.42 after the France-based media group agreed to acquire 49% stake of Regie 1, the media agency from Publicis Groupe.
Rio Tinto Plc rose 0.2% to 3,325 pence after the U.K.-based mining company plans to sell its 19.1% stake in a proposed copper and gold mine in Alaska.
Segro Plc gained 0.9% to 337.70 pence after the U.K.-based property investment company said it completed the sale of Neckermann site for €46 million.
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