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Company News

European shares extend losses as virus worries offset vaccine cheer

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

Nov 18 (Reuters) - European stocks slipped on Wednesday as worries about further economic damage and fresh lockdown measures caused by a resurgent pandemic dented recent optimism over promising vaccine trial results.

The pan-European STOXX 600 extended losses for a second session after dropping 0.4% by 0805 GMT.

Real estate and energy stocks fell the most, while tech stocks advanced.

Britain’s RSA Insurance rose 3.8% to the top of the STOXX 600 index after the company said it had received a cash offer worth 7.2 billion pounds ($9.55 billion) from Canadian peer Intact Financial and Danish insurer Tryg .

Deutsche Boerse gained 0.8% after the German stock exchange operator said it would acquire an 80% stake in corporate governance adviser Institutional Shareholder Services (ISS) for about $1.8 billion. (Reporting by Shashank Nayar in Bengaluru, Editing by Sherry Jacob-Phillips)

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