European shares hit fresh six week highs, OCI surges

lunes 20 de julio de 2015 04:32 GYT

* FTSEurofirst 300up 0.4 pct, STOXX 600 up 0.4 pct

* Chemicals companies lifted by merger talk

* Julius Baer slides after tax-dodging charge

* Precious metal miners hit after gold drops to 5 year low

By Alistair Smout

LONDON, July 20 (Reuters) - European shares edged higher at the open on Monday, lifted by a surge in Dutch firm OCI as it confirmed that it was in merger talks.

The STOXX Europe 600 rose 0.4 percent, hitting a new six week high.

Top riser was OCI, up 11 percent after the Amsterdam-listed chemical company confirmed it is in advanced merger talks with U.S. fertiliser maker CF Industries Holdings Inc.

Norwegian peer Yara International rose 2.8 percent, a top FTSEurofirst 300 riser. Yara sold a 50 percent stake in its British fertiliser manufacturer to CF Industries, its joint venture partner, three weeks ago and traders said there could be further M&A activity in the sector.   Continuación...