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The Europe-focussed STOXX 600 index fell 1% by 0712 GMT – on course for its biggest daily decline in three weeks – after losses overnight on Wall Street’s benchmark S&P 500 and Asian stocks.
Swedish investment company EQT (NYSE:EQT) fell 5.9% after a share placing deal, while Stellantis dropped 2.5% after Dongfeng Motor Hong Kong said it had sold shares in the carmaker for about 600 million euros ($710 million).
French drugmaker Sanofi (NASDAQ:SNY) slipped 1.4% after it agreed to buy U.S. biopharmaceutical company Kadmon Holdings (NASDAQ:KDMN) Inc in a $1.9 billion deal.
British industrial technology company Smiths Group (OTC:SMGZY) rose 3.8% after it agreed to sell its medical unit to U.S.-based ICU Medical (NASDAQ:ICUI) Inc for $2.4 billion.
