Stock exchanges today June 2, Europe is positive. Autogrill towards delisting – Corriere.it

Second positive day for the European stock exchanges (here the trend in real time), after three consecutive declines. On Friday 2 June there was a serene climate on the financial markets, after the danger of a default by the United States was averted thanks to the green light also in the Senate for the agreement on the debt ceiling. Paris, where industrial production restarted in April, gained 0.94% with luxury stocks in the spotlight. Frankfurt rises by 0.8%, Milan by 0.60%, with Saipem, Tenaris, Amplifon and Moncler in evidence. London positive by around 0.7%.

Rating, revisions on France and UK

The price lists are also supported by futures which indicate the forecast for today on Wall Street

, which are positive in the aftermath of the good performance of the technological sector and the words of two exponents of the Federal Reserve on a possible pause in the rate hike in June. Useful words to understand the central bank’s moves will be the data on jobs in the US, expected at 2.30pm. On the calendar tonight review of France’s rating by S&P, which lowered its outlook to negative last December while Fitch will express its opinion on the rating of the United Kingdom.

Autogrill towards delisting

Following the takeover bid (public purchase and exchange offer) the Swiss Dufry group now holds 94.5% of Autogrill and can thus fulfill its obligation to repurchase the remaining shares and proceed with the delisting from Piazza Affari. According to a press release reporting the preliminary results of acceptance of the offer during the reopening of the terms which ended yesterday 1 June, Dufry would directly hold 94.3493% of the share capital. Adding up the treasury shares held by the company that belonged to the Benetton family, the total stake held by Dufry will be 94.5044% of the capital. After the final results by 7 June, the Swiss group – as already communicated – will not restore a sufficient free float and will fulfill the obligation to purchase the remaining 5.4956% of the capital and then withdraw the stock from the Stock Exchange. With the conclusion of this operation, a global player will be born in the sector of catering and retail services for those traveling in 75 countries, which will employ approximately 60,000 people in 5,500 points of sale and will have total revenues of 14 billion euros.