European shares dip as worries over Greece offset M&A fever

martes 14 de abril de 2015 06:30 GYT
 

* FTSEurofirst 300 down 0.4 pct, peripherals most hit

* Alcatel surges, Nokia slips on tie-up news

* Greece denies it is preparing for a debt default

By Blaise Robinson

PARIS, April 14 (Reuters) - European stocks dipped on Tuesday as renewed worries over Greece offset the positive impact from news of a tie-up between Nokia and Alcatel-Lucent.

Shares in the French telecom gear maker surged 12.3 percent while its Finnish rival lost 6.5 percent after the two firms said they were in advanced talks for Nokia to take over Alcatel.

The deal added to a recent wave of M&A activity that has helped driven European shares higher. However, it wasn't enough to lift European equity markets overall as investors were spooked by a report saying Greece was preparing for a debt default if it did not reach a deal with its creditors by the end of the month.

Greece denied the Financial Times report and said the negotiations were proceeding "swiftly" towards a solution.

Shares in Greek banks skidded, with National Bank of Greece down 5.3 percent and Alpha Bank falling 6.7 percent.   Continuación...