M&A report on Ahold, Delhaize boosts European shares before ECB meeting

miércoles 3 de junio de 2015 06:08 GYT
 

* Pan-European FTSEurofirst 300 index up 0.1 pct

* Adidas rises after FIFA president resigns

* Amadeus slips on Lufthansa ticket surcharge

* Market awaits ECB decision, news on Greece (Adds detail, quote)

By Atul Prakash and Alistair Smout

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 3.5 percent and 6.2 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 0.1 percent at 1,574.31 points by 0959 GMT after falling 0.9 percent in the previous session. The index is still up about 15 percent so far this year.

Germany's DAX advanced 0.5 percent, led by a 1.3 percent rise in Adidas after FIFA President Sepp Blatter announced he would step down in the wake of a corruption scandal that has rocked soccer's global governing body.   Continuación...