Syngenta deal clearance gives European stocks a lift

lunes 22 de agosto de 2016 04:37 GYT

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)

* STOXX 600 up 0.8 percent

* ChemChina deal to buy Syngenta approved by U.S. watchdog

* Kingspan yet to see Brexit effect, results beat expectations

* Getinge falls after firing its CEO

By Alistair Smout

LONDON, Aug 22 (Reuters) - European markets bounced back on Monday, recovering from a sharp fall over the previous week as Swiss chemical company Syngenta jumped after a bid for it by ChemChina was cleared by a U.S. watchdog.

Syngenta was up 11.9 percent, the top STOXX Europe 600 riser after U.S. regulator CFIUS cleared ChemChina's $43 billion takeover, removing significant uncertainty over whether the acquisition of the world's largest pesticides maker will be completed.

Analysts at BAADER Helvea said that the market had questioned whether the deal would be approved, but other regulatory hurdles posed less of a risk.   Continuación...