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June 17 (Reuters) - European shares advanced on Monday,

with banks recouping some losses clocked last week and as

Denmark's Topdanmark ( TPDNF ) jumped on the news of insurer Sampo's

all-share buyout offer of its rival.

As of 0709 GMT, the pan-European STOXX 600 was up

0.4%, coming off its worst weekly percentage fall so far this

year.

The technology sub-index led sectoral gains with a

1.2% jump, while European banks advanced more than 1%.

European shares came under pressure last week when President

Emmanuel Macron called for a snap election following a trouncing

of his ruling centrist party by Marine Le Pen's eurosceptic

National Rally in the European Parliament elections.

France's CAC 40 gained 0.6% early on after falling

more than 6% last week.

Shares of Topdanmark ( TPDNF ) jumped 21% after Finnish

insurer Sampo agreed to buy its Danish rival in a

deal that values the company at 33 billion crowns ($4.73

billion), the two companies said. Sampo slumped nearly 3%.

Shares of ING, the largest Dutch lender by assets,

gained 2.1% after the bank forecast total income growth of

between 4% and 5% per year during 2024-2027.