London - Europe's top European indexes made fresh multi-year highs on Monday as a boost from merger activity in the telecoms sector more than offset falls in media group Vivendi.
The French media group said on Friday it had agreed to sell its remaining stake in telecoms company Numericable-SFR to Altice at €40 per share, well below Numericable-SFR's share price of €55.40 on Friday.
Shares in Altice surged 9.9% to be the top riser on the FTSEurofirst 300 index of pan-European shares, which was up 0.2% at 1 565.83 points at 08:39 GMT.