(Bloomberg) -- European insurance stocks rose, led
by Friends Provident Plc and Resolution Plc, after the companies
said they are in talks for a merger that would create the U.K.'s
fifth-biggest insurer.
Friends Provident Plc jumped the most in more than two
months. Hypo Real Estate Holding AG paced declining shares after
the German real-estate financing company agreed to buy Depfa Bank
Plc for 5.7 billion euros ($7.9 billion).
Read more at Bloomberg Stocks News
by Friends Provident Plc and Resolution Plc, after the companies
said they are in talks for a merger that would create the U.K.'s
fifth-biggest insurer.
Friends Provident Plc jumped the most in more than two
months. Hypo Real Estate Holding AG paced declining shares after
the German real-estate financing company agreed to buy Depfa Bank
Plc for 5.7 billion euros ($7.9 billion).
Read more at Bloomberg Stocks News
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