European shares climb; SABMiller, InBev boosted by M&A hopes

miércoles 16 de septiembre de 2015 06:08 GYT

* FTSEurofirst 300 and Euro STOXX up over 1 pct

* SABMiller up 23 pct on InBev takeover approach

* Asian markets up in run-up to Fed rate meeting

* Strong Richemont results lift luxury good stocks

By Sudip Kar-Gupta and Danilo Masoni

LONDON/MILAN, Sept 16 (Reuters) - European shares were higher at midday on Wednesday, with M&A hopes sending SABMiller and InBev sharply higher while the broader market was underpinned by overnight gains on Wall Street and in Asia.

The pan-European FTSEurofirst 300 index advanced 1.2 percent while the euro zone's blue-chip Euro STOXX 50 index also 1.1 percent.

SABMiller rose 23 percent to a six-month high after the company said rival InBev intended to make an acquisition proposal in a deal brokers said would generate strong synergies but could raise competition issues in U.S. and China.

InBev, the world's largest brewer, said there was no certainty the approach would result in an offer or agreement. Its shares rose more than 7 percent.   Continuación...