Monday, 21 May 2007

European Financial Stocks Advance on Takeovers; Capitalia, BHP Shares Rise

(Bloomberg) -- European financial stocks rose after
Italy's UniCredit SpA agreed to buy Capitalia SpA for 21.8
billion euros ($29.5 billion), sparking speculation of more
takeovers in the financial services industry.

Friends Provident Plc advanced after the Observer reported
Axa SA may consider a bid for the U.K. insurer. BHP Billiton Ltd.
and Rio Tinto Group rose on higher metal prices.


Read more at Bloomberg Stocks News

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