LONDON, Aug 17 (Reuters) - European stocks rose on Monday to rebound from losses last week caused by worries over China's currency devaluation, with shares in French industrial group Alstom ALSO.PA outperforming.
The pan-European FTSEurofirst 300 index .FTEU3 was up by 0.9 percent while the euro zone's blue-chip Euro STOXX 50 index .STOXX50E also moved 1 percent higher.
Alstom shares rose around 7 percent, after two people familiar with the matter told Reuters that General Electric (NYSE:GE) GE.N was expected to secure EU approval for its proposed 12.4-billion-euro ($13.8 billion) bid for Alstom's power business.
Shares in Hennes & Mauritz HMb.ST also advanced by 2.4 percent after the fashion retailer reported higher sales.