European markets rose on Friday, as overnight gains on Wall Street provided a welcome distraction from the latest Greek euro-zone cliff hanger, at least for now. In London, Colt Group soared more than 20% on news of a take-private offer from its largest shareholder, U.S. fund manager Fidelity. Portugal’s Banco BPI fell in Lisbon after Spain’s CaixaBank withdrew its takeover offer for the Portuguese lender. And BP was up slightly in London after announcing several new agreements with Russia’s OAO Rosneft, including an East Siberian joint venture. IAG shares got a slight boost after the company published its formal offer document for Irish carrier Aer Lingus Group plc, in a move that could force Aer Lingus’s top shareholder Ryanair Holdings to finally make up its mind.
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