KPN benefits from acquisition news | Financial

The telecom sector is in the spotlight on the European stock exchanges on Monday due to takeover news in the sector. Italian telecom group Telecom Italia has confirmed that US private investor KKR plans to acquire the company for €10.8 billion. The share KPN was one of the biggest risers on the AEX with a gain of 2.8%.

Where Delhaize went up 2.2%. According to trader Daam-Martijn van Holst of ABN Amro Oddo, this has to do with the stricter corona measures. “People are expected to go to the supermarket more often.”

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Investors are also looking forward to new data on activity in major economies such as the United States, Germany and Europe this week. For example, figures on European consumer confidence and American home sales will be released on Monday. There will also be a lot of attention for developments at the Federal Reserve, which, among other things, publishes the minutes of the last policy meeting.

According to Van Holst, the stock markets have been a bit flat lately. ,,The volumes are a bit lower, but there is also so much tension in the air. Will there be a lockdown or not? The situation between Russia and Ukraine is a source of great concern. Moreover, we have already had a nice rally this year.”

Tech investor Prosus fell 1.7, despite the fact that the largest shareholder of meal delivery company Delivery Hero and Chinese tech company Tencent, has benefited considerably over the past six months from the increased popularity of online shopping and other internet activities. Total revenue in the six months to the end of September was $16.6 billion, or approximately $14.7 billion. That is 29% more than a year earlier.

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