European shares rise led by SABMiller, eyes on Fed decision

miércoles 16 de septiembre de 2015 10:30 GYT
 

* FTSEurofirst 300 and Euro STOXX up over 1 pct

* InBev takeover approach sends SABMiller up 20 pct

* Fed begins two-day rate setting meeting on Wednesday

* Strong Richemont results lift luxury good stocks

By Danilo Masoni

MILAN, Sept 16 (Reuters) - European shares were higher for a second session on Wednesday, with M&A hopes sending SABMiller and InBev sharply higher, while investors remained cautious ahead of the Federal Reserve's interest rate decision.

The pan-European FTSEurofirst 300 index rose 1.26 percent while the euro zone's blue-chip Euro STOXX 50 index was up 1.06 percent.

SABMiller rose more than 20 percent to a six-month high after the brewing company said rival InBev intended to make an acquisition proposal in a deal that would create a brewing colossus.

InBev, the world's largest brewer, said there was no certainty the approach would result in an offer or an agreement with the No. 2 player. InBev shares rose more than 7 percent.   Continuación...