French energy group Total denies interest in Umicore
Reuters
Published Nov 08, 2019 13:59
French energy group Total denies interest in Umicore
(Reuters) - French energy group Total (PA:TOTF) denied on Friday any bid interest in Belgian materials and technology group Umicore (BR:UMI), whose shares had briefly jumped higher on speculation of takeover interest from Total.
"We categorically deny any interest in Umicore," said a spokesperson for Total.
Umicore's shares had briefly jumped up by as much as 9.5% after an FT Alphaville report of possible bid interest from Total, but the stock then lost ground.
Umicore shares were down 0.9% by 1350 GMT.
A Umicore spokesperson said the company had no comment to make on the market rumours.
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Written By: Reuters
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