Monday, June 25, 2007

European Stocks Decline; France Telecom, LSE, Akzo Nobel Shares Slide

(Bloomberg) -- European stocks dropped for a third
day, led by France Telecom SA as the French government sells as
much as 3.8 billion euros ($5.1 billion) of the nation's largest
phone company.

London Stock Exchange Group Plc, which agreed to buy Borsa
Italiana SpA on June 23 for 1.63 billion euros ($2.2 billion),
paced the decline after the bourse was put on review by Moody's
Investors Services for a possible downgrade of its debt rating.


Read more at Bloomberg Stocks News

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