European shares rise for a fifth day as Royal KPN adds

Source: Bloomberg
© Scanpix\Reuters
European shares increased for the fifth day, extending their longest streak of gains in about three months, after Telenor ASA and Swatch Group AG posted higher profit. Royal KPN NV advanced 11% after announcing that Telefonica Deutschland Holding AG. may take over KPN's German mobile operator E-Plus. The Stoxx Europe 600 Index added 0.4% to 301.4.
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