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FRANKFURT, August 9 (Reuters) –
European equities rose on Monday after a tumultuous week dominated by trade tensions between the United States and China and the political turmoil in Italy, a fierce war against the German lighting group Osram being likely to boost transactions in the region.
The Stoxx 600 increased by 0.8% and all sub-sectors increased, but trade remained sluggish, with most of the major Asian markets closed for holidays.
The bidding war for OSRAM has intensified, the Swiss-based sensor company, AMS, has declared itself ready to pay more than 10% more than Bain Capital and Carlyle.
Osram shares rose 10%, while AMS shares fell 9%.
Tolo Oil's shares in oil and gas exploration jumped 15% after announcing a major oil discovery at the Orendwick site in Guyana.
Prepared by Moataz Mohamed for the Arab Bulletin – Edited by Salma Najm
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