Informa in

Sarla Buch
15 Sep, 2016
New York City

Areva agreed to sell its 50% stake in Adwen to Spain-based Gamesa. Informa agreed to buy the U.S.-based privately held Penton Information for

[R]4:00 PM Frankfurt – Areva agreed to sell its 50% stake in Adwen to Spain-based Gamesa. Informa agreed to buy the U.S.-based privately held Penton Information for £1.2 billion. Next net fell but revenues jumped. Siemens agreed to invest €5 billion infrastructure projects in Argentina.[/R]

In London trading, FTSE 100 index jumped 58.81 or 0.9% to 6,732.12 and in Frankfurt the DAX index gained 55.88 or 0.5% to 10,433.94.

In Paris, CAC 40 index edged down 0.48 to 4,369.78.

Areva SA gained 1.4% to €6.70 after France-based nuclear power producer agreed to sell its 50% stake in Adwen to Spain-based wind turbine maker Gamesa Corporation Tecnologica SA for about €60 million or $67.5 million.

The wind turbine maker said the transaction is expected to close in January 2017.

Informa Plc jumped 5.1% to 729 pence after the U.K.-based publishing and events group agreed to buy the U.S.-based privately held information services company Penton Information Services Company from private equity firms MidOcean Partners and Wasserstein & Co for £1.18 billion or $1.56 billion.

The acquisition will be funded through a new debt and equity rights issue of per shares at 441 pence for every four existing shares of Informa and raise a total of £715 million.

Next Plc declined 4.8% to 4,962 pence after the UK-based clothing, footwear, accessories and home products retailer said total revenues in the first-half ending in July jumped 2.6% from a year ago to £1.94 billion.

Net income in the period dropped 1.3% from a year ago to £273.5 million compared to £277 million but diluted earnings per share advanced to 187.1 pence from 183.7 pence.

Siemens AG advanced 2.2% to €104.70 after the Germany-based industrial conglomerate’s chief executive officer Joe Kaeser said that the company plans to invest €5 billion or $5.6 billion in energy, transportation and infrastructure project in Argentina.

WM Morrison Supermarkets Plc soared 7.9% to 209 pence after the UK-based retail supermarkets operator reported total revenues in the first-half ending in July were nearly flat from a year ago at £8.03 billion.

Net income in the period jumped 2.8% from a year ago to £110 million compared to the £107 million and diluted earnings per share increased to 4.68 pence from 4.57 pence.