BUZZ-European stocks: placement frenzy as regional markets stir

Fri Feb 13, 2015 4:40am EST
 
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** Rush of deals secondary offerings across Europe overnight most of which see good demand underscoring the revival of interest in regional equities

** 7 deals worth about $1.5 bln, excluding BT's £1 bln placement, go through

** The tick-up in offerings stands in contrast to daily trading activity which remains relatively quiet for earnings season as political developments keep participation low

** Success of placings and IPOs and returning equity inflows suggests, however, that investor interest in Europe remains strong

** Mediaset down 4 pct after Fininvest (holding company controlled by Silvio Berlusconi's family) sells 92 mln shares via BAML and Unicredit

** Kion jumps 5.7 pct after Superlift Holdings (jointly owned by GS Capital Partners & KKR) sell 4.8 mln shares

** Existing shareholders took up two-thirds of BT's new shares, IFR reports, in a heavily in-demand offering

** Rocket Internet slumps 7.2 pct, slightly better than the offer price, after issuing 12 mln new shares

** Imagination Tech down 2.2 after Intel sells its stake in company

** Common refrain that slew of offerings and IPOs point to market tops may not hold as funds flow back into Europe & out of the U.S. and markets regain momentum (RM: vikram.subhedar.thomsonreuters.com@reuters.net)