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European shares inched higher in early deals on Friday, helped by gains in the construction sector after Holcim and Lafarge agreed to new merger terms.
Holcim rose 1.6 per cent and Lafarge added 3.6 per cent after the companies agreed to new terms, including a new share-swap ratio for the deal, over their planned multi-billion-euro merger, which would create the world's biggest cement firm.
The pan-European FTSEurofirst 300 index was up 0.1 per cent at 1,600.15 points, hitting a new 7-1/2 year high at 0809 GMT.
Britain's Tullow Oil was the top gainer on the index, up 5 per cent, after the Africa-focused oil producer said it had raised an additional $450 million of capital from existing lenders, boosting its financial strength amid weak oil prices
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