M&A, car sales help European shares to new 8-year high

jueves 9 de abril de 2015 10:21 GYT

* FTSEurofirst 300 up 0.8 pct, hits highest since July 2007

* M&A speculation boosts Burberry, Mediaset

* Auto sector rises on strong sales data

By Francesco Canepa and Blaise Robinson

LONDON/PARIS, April 9 (Reuters) - European shares rose on Thursday after figures showing a strong recovery in Europe's auto sector, robust German data and mergers and acquisitions activity or speculation around a number of stocks.

Lafarge and Holcim rose 4.8 percent and 3.8 percent, respectively after they chose the chief executive of their combined company, opening the way for the two cement groups to clinch their $40 billion merger if shareholders back it next month.

British luxury goods maker Burberry 2.7 percent after positive numbers from Mulberry and talk of consolidation in the sector.

Burberry was flagged by Goldman Sachs among shares on its "conviction buy" lists for which its sees a bid probability of 30 percent or more.

Italian media group Mediaset rose 2.8 percent after Mediobanca flagged it as a bid target for France's Vivendi .   Continuación...