Additional European Equity News

Accor (AC FP) - Co. agrees to sell its c. 30.7% stake in Essendi to a Blackstone-led consortium for EUR 975mln. (Accor)Antofagasta (ANTO LN) - Co. confirms that Los Pelambres continues to respond to the weather system and associated high levels of precipitation, which has affected several regions in Chile. Operations at Los Pelambres have resumed and the Group's FY production guidance range remains unchanged. (Antofagasta)Assa Abloy (ASSAB SS) - Co. agrees to acquire Classic Brass. The acquisition will be accretive to EPS from the start. (Assa Abloy)Metso (METSO FH) - Q2 2026 (EUR): Revenue 1.33bln (prev. 1.26bln Y/Y), Adj. EBITDA 221mln (prev. 183mln Y/Y), expects that market activity in both Minerals and Aggregates will remain at the current level. (Metso)Neste (NESTE FH) - Q2 2026 (EUR): Revenue 5.99bln (exp. 6.28bln), Adj. EBITDA 1.2bln (exp. 0.34bln Y/Y), Net income 765mln (prev. -36mln Y/Y). (Neste)Rank (RNK LN) - Karen Whitworth has informed the Board that she will be standing down from the Board, effective August 31st. (Rank)Reckitt Benckiser (RKT LN) - Co. agrees to divest its Russian Hygiene business to Arnest Management. (Reckitt Benckiser)Valmet (VALMT FH) - Q2 2026 (EUR): Sales 1.32bln (exp. 1.25bln), Orders 1.37bln (prev. 1.52bln Y/Y), Comparable EBITA 152mln (prev. 143mln Y/Y), EPS 0.40 (prev. 0.15 Y/Y), reiterates FY26 guidance. (Valmet)Volkswagen (VOW3 GY) - Core Brand Group intends to position itself even more efficiently and robustly and is aiming to achieve further cost savings and to reduce the complexity of processes, structures and products. (Volkswagen)Wise (WISE LN) - The US OCC has denied an application by Wise for a national trust bank charter. (Wise)