STOCKS NEWS EUROPE-Wendel sags as asset sale talk quashed

Shares in French investment firm Wendel (MWDP.PA) drop 11 percent, the biggest losers on Paris's SBF120 broad index .SBF120, as traders cite concerns over the company's debt level after Wendel says during its annual shareholder meeting it remains committed to stakes in various companies.

"Wendel's chairman specified that Wendel would not divest any asset this year, quashing rumours of a sale of Stallergenes or Legrand," one trader says.

Another trader says: "No disposals this year. The market doesn't like it."

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