(Bloomberg) -- European stocks advanced, headed for the biggest monthly gain this year, after takeovers increased in the telecommunications industry and expectations of higher earnings lifted construction companies.
Telefonica SA rose after the Spanish phone company and a group of investors agreed to pay 4.1 billion euros ($5.6 billion) for a controlling stake in Telecom Italia SpA. Skanska AB rallied after Deutsche Bank AG said shares of the world's fourth-biggest building company should benefit from solid profit results.
Read more at Bloomberg Stocks News
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