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European markets closed slightly higher on Friday as investors monitored tense negotiations between the U.K. and the European Union.

The pan-European Stoxx 600 closed up by 0.1%, with basic resource shares up 2.4% to lead the gains while banks on the other hand fell over 1.6%.

Altice Europe shares surged more than 24% after the French telecoms firm agreed around a 2.5 billion euro ($2.95 billion) takeover offer with its founder and majority shareholder, who plans to delist the company

Reference: CNBC