There seems to be increasing interest in European assets, money seems to be heading there from all directions.
Here is an interesting article I found re "Barclays goes on a spree"
In part."BARCLAYS is days away from agreeing a deal to buy Citigroup’s credit card business in Portugal, in the first phase of a European shopping spree by the bank.
Frits Seegers, the head of Barclays’ retail and commercial banking arm, is believed to be in discussions on more than a dozen possible deals in Spain, Italy and parts of central and eastern Europe. A research note from Cazenove last week said “M&A remains on the agenda” for Barclays."
Any money heading to Europe will only strengthen Asset values and cement in the recovery happening. I see this as positive for AEZ with the interest now accumulating.
AEZ Price at posting:
9.1¢ Sentiment: LT Buy Disclosure: Held