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European Stocks Fall as Investors Await Crimea Referendum

European stocks fell to their lowest level in more than five weeks, extending their second weekly loss, as investors awaited a referendum that may lead to Crimea’s secession from Ukraine.

Bouygues SA dropped 2.9 percent after France’s industry minister said that Vivendi SA prefers a competing offer for its SFR phone unit. Pandora A/S lost 2.9 percent as shareholders agreed to sell a stake worth 4.51 billion kroner ($838 million). Banca Monte dei Paschi di Siena SpA rose 2 percent after a report that JC Flowers & Co. is interested in buying a stake in the Italian lender.