European shares up, Ahold and Delhaize bounce on M&A report

miércoles 3 de junio de 2015 04:27 GYT

* Pan-European FTSEurofirst 300 index up 0.2 pct

* Ahold and Delhaize gain sharply on M&A report

* Amadeus slips on Lufthansa ticket surcharge

By Atul Prakash

LONDON, June 3 (Reuters) - European shares edged higher on Wednesday, with supermarket groups Ahold and Delhaize advancing after media reports suggesting merger talks between the two could come to a successful conclusion as early as June.

Shares in Ahold and Delhaize rose 3.6 percent and 6.3 percent respectively. The two companies are in talks to create a top 20 global retailer with a major presence in the United States. A deal would see a combined retailer worth around 23 billion euros ($25.60 billion).

The pan-European FTSEurofirst 300 index was up 0.2 percent at 1,575.13 points by 0804 GMT after falling 0.9 percent in the previous session. The index is still up about 15 percent so far this year.

Greece's benchmark ATG share index outperformed the broader market by gaining 2.6 percent on expectations that a debt deal was likely to be finalised soon.

Greece's creditors on Tuesday drafted the broad lines of an agreement to put to the leftist government in Athens in a bid to conclude four months of acrimonious negotiations and release aid before the country runs out of money.   Continuación...