(MENAFN- Saudi Press Agency) European shares edged higher on Wednesday, consolidating gains made this week on expectations of a Greek debt deal, although French telecoms stocks slumped after Bouygues shunned Altice's bid for its telecoms arm, Reuters reported.
The pan-European FTSEurofirst 300 index rose 0.2 percent, while the euro zone's blue-chip Euro STOXX 50 index advanced 0.1 percent.
However, shares in Bouygues fell 8.2 percent after the conglomerate's rejection of the Altice offer for its telecoms division.
Altice slid 7 percent, while shares in Numericable-SFR - which is owned by Altice - also slumped 12 percent. Shares in French rivals Orange and Iliad also weakened by 3.4-6.2 percent.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.