European shares gain on report Greece ready to accept a revised deal
* FTSEurofirst 300 up 1.8 pct, Euro STOXX 50 up 2.7 pct
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By Atul Prakash and Alistair Smout
LONDON, July 1 (Reuters) - European shares extended gains on Wednesday after a report that Greece was ready to accept most conditions from its international creditors to clinch a debt deal.
The Financial Times, citing a letter Alexis Tsipras sent to the heads of the European Commission, the IMF and the European Central Bank, reported the Greek prime minister will accept all his bailout creditors' conditions that were on the table this weekend, with only a handful of minor changes.
However, the status of the deal remained deeply uncertain, with Germany saying it could not negotiate while Greece was headed for a referendum on the aid-for-reforms deal.
"If it's true and a possible debt deal eliminates the 'Grexit' idea, then it's a big positive for the market. But I remain sceptical and would like to see some concrete action and official announcements before becoming bullish," Ronny Claeys, senior strategist at KBC Asset Management in Brussels, said.
The euro zone's blue-chip Euro STOXX 50 index was up 1.8 percent by 1455 GMT after falling 1.3 percent a day earlier and slumping more than 4 percent on Monday on alarm about Greece. The pan-European FTSEurofirst 300 index was up 1.5 percent, while Germany's DAX gained 2 percent. Continuación...