LONDON (Reuters) – European shares opened lower on Monday as on-going worries about the U.S. trade policies and concerns about German Chancellor Angela Merkel’s coalition weighed on sentiment.
The pan-European STOXX 600 was down about 1.2 percent by 0730 GMT in line with Germany’s trade-sensitive DAX. .GDAXI
Among rare winners, British software company Micro Focus International (MCRO.L) was up 3.3 percent after it said it had agreed to sell its Linux operating system SUSE business to a private equity fund advised by Sweden’s EQT Partners for $2.535 billion.
In the mid-cap segment of the market, Vedanta Resources (VED.L) surged over 25 percent after chairman Anil Agarwal’s family trust agreed to a deal that values the mining conglomerate at 2.3 billion pounds.
Milan’s FTSE MIB .FTMIB was down 1.9 percent with Italian pharmaceutical group Recordati (RECI.MI) falling over 15 percent after a consortium of investment funds controlled by CVC Capital Partners has agreed to buy a stake at a discount.
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