LONDON (TheDeal) -- European stocks were mixed on Wednesday amid a drop in German business confidence and another flurry of Greek crisis huddles in Brussels. Dutch food retailer Royal Ahold (AHONY) rose on an agreement to walk down the aisle with Belgium's Delhaize (DEG).
In London, the FTSE inched up 0.52% to 6,870.07, while in Frankfurt, the DAX was 0.28% lower at 11,509.73. In Paris, the CAC 40 nudged down 0.09% at 5,052.99.
In Germany, the second monthly decline in business confidence cast a shadow over the pace of recovery in Europe's largest economy. The June reading from the Munich-based Institute for Economic Research fell to 107.4 points, its lowest since February and down from 108.5 points in May, as a worsening climate for manufacturing and wholesaling offset a rosier outlook for construction.
One economist tweeted that the weak reading was a warning signal and not a drama, since the second quarter was still better than the first.
Markets held steady ahead of afternoon talks in the E.U. capital between Greek Prime Minister Alexis Tsipras and international creditors, to be followed by another tsatziki-flavored evening gathering of eurozone finance ministers. Expectations remain high for a debt deal this week, just in time to save Greece before its bailout is due to expire on June 30.
In Amsterdam, Ahold was up nearly 1.4% after the Dutch owner of Stop & Shop and Giant Food Stores in the U.S. agreed to buy Belgium's Delhaize for in an all-share deal creating a new grocery giant with €54.1 billion ($60.6 billion) in annual sales.