STOCKS NEWS EUROPE-STM sags on Finmeccanica's CEO comment

Shares in European chipmaker STMicroelectronics (STM.PA) fall 3.2 percent, the biggest losers on France's CAC 40 .FCHI, after Italian aerospace company Finmeccanica's (SIFI.MI) CEO says in a newspaper interview the company is looking to sell its remaining 3.2 percent stake in STMicro.

Traders say STMicro is also retreating after U.S. chipmaker National Semiconductor Corp's (NSM.N) outlook fails to impress investors on Wall Street on Friday.

"It's a combination of both reasons. The stock has had a big run up recently, so people are using these news as a reason to book profits," one trader says.

STMicro stock is still up 92 percent since reaching a floor in early March.

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