News Out of Europe: Intesa Confirms Potential Bid for Generali

Here is a round-up of the news out of Europe:

Intesa (ISP) confirmed a potential takeover bid for Generali (GEN) - Get Report. The news of the move extended Generali's three-day gains to 15%.

Tesco faces a fresh investor suit over a 2014 accounting scandal. The supermarket is already fighting a £100 million claim that was filed in October 2016.

Santander (SAN) - Get Report posted fourth-quarter results well above expectations. The Spanish lender reported profits of €1.6 billion.

Novartis (NVS) - Get Report missed its fourth-quarter earnings estimate. The company is mulling a spinoff of its eye care unit Alcon.

Deutsche Bank's (DB) - Get Report shares hit a 52-week high. Shares soared after speculation that the bank will sell its asset management unit.