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Jan 18 (Reuters) – European stocks fell Monday as French retailer Carrefour collapsed after concluding 16.2 billion euro ($ 19.57 billion) union negotiations with Alimentation Couche-Tard, amid concerns about a slow economic recovery keep investors on edge.
The pan-European STOXX 600 index slipped 0.2% by 0810 GMT, extending losses from Friday when the index hit a four-week benchmark gain.
Seasonal recovery did not do better than expected to stimulate the Chinese economy to investors who feared that rising COVID-19 issues and tight restrictions on the continent could erode growth in the Chinese economy. first quarter.
Carrefour fell 5.9% in early contracts after takeover talks with Alimentation Couche-Tard in Canada failed and both sides decided to work on partnership opportunities.
The stock had lost nearly a third of its gains after the French government opposed the deal last week.
Shares in carmaker Stellantis rose nearly 3% in the first day of trading in the Paris stock market when the merger between Fiat Chrysler and PSA was completed. (Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)