MILAN, June 29 (Reuters) - Shares in Italian cement maker Italcementi (ITAI.MI) were up more than 5 percent in early trade after it said merger plans with French unit Ciments Francais (CMFP.PA) have been abandoned.
The companies said in a Saturday statement conditions for the proposed merger had not been met. [ID:nLR497871]
At 0712 GMT, shares were trading around 8.28 euros.
Ciments Francais shares dropped 9.5 percent. [ID:nWEA8685]
DUBAI (Reuters) - State-owned Dubai World did not ask creditors for a standstill on its $22 billion debt at a meeting on Monday, adding to uncertainty for investors who have been in the dark for weeks and hurting local bank shares.
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