ECB Announces Trillion Dollar Stimulus, Centerbridge to Buy Senvion

Nigel Thomas
22 Jan, 2015
New York City

Israel-based Gazit Globe agreed to acquire 13.9% stake of Atrium European Real Estate for

[R]4:00 PM Frankfurt – Israel-based Gazit Globe agreed to acquire 13.9% stake of Atrium European Real Estate for €229 million. Senvion agreed to acquire by U.S.-based Centerbridge Partners for about €1 billion. Telefonica is in talks with Hutchison Whampoa to sell its U.K.-based mobile business.[/R]

European markets advanced after the European Central Bank announced a plan to purchase of €60 billion of bonds till September.

The decision was widely expected and markets in the euro zone scaled higher on the hopes that the measure will avoid deflation trend in many parts of Europe.

In London trading, FTSE 100 index gained 0.5% or 34.52 to 6,762.56 and in Frankfurt the DAX index increased 0.5% or 55.71 to 10,354.94.

In Paris, CAC 40 index jumped 0.9% or 42.15 to 4,526.97.

Atrium European Real Estate Limited fell 0.9% to €4.05 after the Israel-based Gazit Globe Ltd real estate developer agreed to acquire 13.9% stake for about €229 million or $266 million in the company.

Separately today Atrium European Real Estate agreed to acquire 75% stake in Czech Republic-based Arkády Pankrác shopping centre for about €162 million or $188 million from Unibail-Rodamco S.E.

Senvion SE halted at €143.15 after the German unit of India-based Suzlon Energy Ltd agreed to be acquired by U.S.-based Centerbridge Partners, L.P. for about €1 billion or $1.16 billion in cash.

Telefonica SA gained 1.3% to €12.60 after the Spain-based communications and digital service provider is in talks with Hutchison Whampoa Ltd to sell its U.K.-based mobile business amid to reduce the net debt of €45 billion.

Royal Mail Plc climbed 3.3% to 444.60 pence after the U.K.-based postal service provider reaffirmed its full-year sales and underlying operating costs and said results will match last year’s performance.