STOCKS NEWS EUROPE-Mr Bricolage rises on acquisition news
Shares in French do-it-yourself group Mr Bricolage (MBRI.PA: Quote, Profile, Research) rise more than 9.3 percent, the biggest gainers on the broader CAC Mid- and Smallcap 190 index after the company announces the acquisition of Briconautes.
"This acquisition (...) enables the group to achieve its ambitions to take third place on the French DIY market from Bricomarché earlier than expected," broker Natixis writes in a note, raising its recommendation to "add" from "reduce".
The stock has gained over 11.6 percent so far this year, compared with 42.12 percent for the index.
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