Bilfinger in

Nigel Thomas
22 Dec, 2014
New York City

Bilfinger agreed to sell part of construction unit to Switzerland-based Implenia for

[R]4:00 PM Frankfurt – Bilfinger agreed to sell part of construction unit to Switzerland-based Implenia for €230 million. Ferrovial ended talks to acquire Australia-based Transfield Services. Neste Oil lifted full-year profit forecast. Kingfisher sells B&Q China business. Rosneft OAO repaid $7 billion to lenders.[/R]

In London trading, FTSE 100 index gained 0.4% or 28.67 to 6,573.94 and in Frankfurt the DAX index increased 0.6% or 56.69 to 9,843.65.

In Paris, CAC 40 index rose 0.2% or 8.01 to 4,249.66.

Bilfinger SE gained 1.3% to €45.67 after the Germany-based engineering construction company agreed to sell part of its construction unit toSwitzerland-based Implenia AG for about €230 million or $280 million.

Separately, the company is also in talks with potential buyers to sell remaining part of the construction unit.

Ferrovial SA rose 0.5% to €16.22 after the Spain-based transportation infrastructure developer ended talks to acquire Australia-based Transfield Services Ltd after the company rejected the offer of A$1.03 billion or $838.7 million.

Shares of Transfield Services Ltd declined 4.7% to $1.71.

Neste Oil Corporation increased 0.7% to €20.09 after the Finland-based oil refiner lifted full-year profit forecast of about €550 million from earlier estimate of €400 million.

Kingfisher Plc jumped 2.6% to 332.50 pence after the U.K.-based home improvement retailer agreed to sell its stake in its B&Q China business “do-it-yourself” of about 70% to Wumei Holdings Inc for £140 million or $219 million in cash.

NK Rosneft OAO, the Russia-based oil and gas producer announces today repaid $7 billion to lenders as a part of bridge loan it had taken to acquire TNK-BP for about $55 billion in the first half of 2013.

So far this year the company repaid approx $24 billion of its foreign debt.

As of third-quarter, the oil and gas producer’s net debt stood at 1.77 trillion rubles or $31.08 billion.