European stock indices fall sharply after the failure of the latest – and possibly penultimate – attempt to forge an agreement between Greece and its international creditors. In Frankfurt Metro slumps after reaching a €2.8 billion ($3.2 billion) deal to sell its Kaufhof department-store chain to Canada’s Hudson’s Bay, while disappointing investors hoping for a special dividend. And in Hong Kong fashion house Prada falls to its lowest level in more than three years after missing quarterly forecasts and warning about the Greater China outlook.
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