LONDON (TheDeal) -- European markets rose on Friday, as overnight gains on Wall Street provided a welcome distraction from the latest Greek eurozone cliffhanger, at least for now.
In London, the FTSE 100 was up 0.74% at 6,757.54, while in Frankfurt, the DAX added 1.10% to 11,222.78 and in Paris, the CAC 40 climbed 1.23% to 4,862.44.
The Athens Stock Exchange General Index was up 0.15%, while the OMX Copenhagen Index rose 1.03% as the anti-immigration Danish People's Party claimed victory in national elections.
Gains in benchmark indices were tempered by continued uncertainty over Greece, with time quickly running out before Athens' existing bailout agreement is due to end on June 30 and the Greek financial sector teetering again on disaster. The European Central Bank is scheduled to hold an emergency meeting Friday to discuss whether to pump more liquidity into Greek banks.
On the political front, E.U. leaders will gather in Brussels Monday night for yet another emergency summit after eurozone finance ministers failed to come up with a solution Thursday in Luxembourg.
In London, U.K. data and networking provider Colt (CLTZF) soared more than 20% on news of a take-private offer from its largest shareholder, U.S. fund manager Fidelity, in an offer that values the company at GBP 1.7 billion ($2.7 billion).
Fidelity already owns more than 60% of Colt, which swung to a loss last year. Fidelity said a company owned by its FMR and FIL units will offer 190 pence a share in cash for the remaining shares, or 21% above the target's Thursday close in London.