Carlsberg slides after Britvic rejects takeover bid
Switzerland39;s ABB down on DB downgrade
STOXX down 0.3, although set for weekly gains

June 21 Reuters European shares fell on Friday, as technology and bank stocks came under pressure, while Danish brewer Carlsberg Group slumped after British soft drinks maker Britvic rejected its 3.9 billion revised takeover proposal.

The panEuropean STOXX 600 was down 0.3, as of 0814 GMT, with the technology subindex losing around 1 and euro zone banks slipping 1.3.

Carlsberg Group dropped close to 8 after Britvic rejected its takeover bid, citing that the proposal significantly undervalued the group and its prospects. Shares of Britvic jumped more than 11.

Still, the European benchmark was on track for modest weekly gains, following a more than 2 drop last week when markets were rattled after French President Emmanuel Macron had called for a snap parliamentary election.

We are gingerly recovering, but the volatility will remain with regards to the French elections going forward until the first date of the election, said Axel Rudolph, senior market analyst at IG Group.

On the data front, German business activity slowed in June and France39;s services sector contracted more than expected in the same period, while a broader euro zone reading showed that business growth in the bloc slowed sharply this month as demand fell for the first time since February.

Government bond yields across the continent slipped after the data was…