Stoxx 600 index and HSBC shares decline 6%

London – All Europe Stokes 600 It ended Thursday with a decline of 0.4%. HSBCLondon Stock Exchange shares decline 5% Following the privatization offer of its Hong Kong-based subsidiary Hang Seng Bank. Europe’s largest bank, HSBC, put a privatization proposal to Hang Seng shareholders on Thursday. It is the controlling shareholder in the bank with a 63% stake.

“If approved, Hang Seng will become a wholly-owned subsidiary of HSBC Asia Pacific and will be delisted from the Hong Kong Stock Exchange,” HSBC said. Hang Seng shares rose on the news.

The privatization offer affected European banks, which ended the session down 1.4%.

in london, FTSE 100 index It decreased by 0.4%, while it decreased in France CAC 40 and lost 0.2% Dax Gained 0.2%.

Shares of the Danish pharmaceutical giant Novo Nordisk It ended trading down 1.3% after the company announced plans to acquire a US biotech company Acero treatments.

The deal will be seen by Novo Pay $54 per share, valuing Akero at $4.7 billion, with the acquisition also including a conditional value right of $6 per share, which could add another $500 million to the offer.

Akero’s New York-listed shares rose about 16.7% on Thursday morning.

Market attention remained focused on France, after President Emmanuel Macron said on Wednesday that he would appoint a new prime minister within 48 hours, following the resignation of Sébastien Lecornu on Monday. Macron is being urged to choose a prime minister who is not another centrist ally.

previously, Asia Pacific markets Saw shares Softbank It jumps as much as 13% daily after the Japanese giant Announce A deal to buy the robotics division of the Swiss engineering company ABB for $5.4 billion Moving forward SoftBank’s AI footprint.

In the United States, Standard & Poor’s 500 It fell 0.3% ahead of midday trading in New York, after the benchmark index rose to All-time highs Earlier in the week.

– CNBC’s Alex Haring and Nur Hekma Mohamed Ali contributed to this market report.