Aegon NV (AEG) Financial News - Europe Markets: Europe stocks higher as UBS, Parmalat gain
Aegon NV (AEG)
Europe Markets: Europe stocks higher as UBS, Parmalat gain
Keywords: Markets|Europe & Middle East, Stoxx600, STOXX Europe 600 Index, UBS, UBS AG, UBSN, UBS AG, PLT, Parmalat SpA, AEG, AEGON NV, AGN, Aegon NV, SCR, Scor SE, SCR, Scor SE, ANTO, Antofagasta Plc, AAL, Anglo American PLC, UKX, FTSE 100 Index, AU, Autonomy CQuote: Parmalat/quotes/comstock/23g!pltIT:PLT+11.59%Â was the top gainer for the Stoxx 600, soaring 12% after unlisted French-based Groupe Lactalis launched an offer worth â‚¬3.375 billion ($4.93 billion) in cash for the 71% stake in the Italian dairy group that it doesnâ€™t already own.Lactalis said the â‚¬2.60 per share offers a 21% premium over the average share price of Parmalat over the past 12 months.Also moving higher, shares of Aegon/quotes/comstock/13*!aeg/quotes/nls/aegAEG+1.06%/quotes/comstock/24s!e:agnNL:AGN+3.45%Â rose 3.6% after the financial-services group said it will sell its Transamerica Reinsurance unit to French insurer Scor SE/quotes/comstock/24s!e:scrFR:SCR+0.98%/quotes/comstock/24s!e:scrFR:SCR+0.98%.Aegon said it will receive $900 million cash in the deal, which will also free up $500 million of capital. Aegon said it will use $1.1 billion of those proceeds to help repurchase capital securities it issued to the Dutch state.Shares of Scor rose 0.6%Miners were also in focus after precious-metals prices pulled back from recent highs. Shares of Antofagasta PLC/quotes/comstock/23s!a:antoUK:ANTO-1.29%Â slipped 1.4%, while Anglo American PLC/quotes/comstock/23s!e:aalUK:AAL-1.01%Â fell 1.1%.But technology stocks were in the black, helping support the FTSE 100 index/quotes/comstock/23i!i:ukxUK:UKX+0.37%Â up 0.4% to 6,040.26. Shares of Autonomy Corp...
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