Shares of Franco-Belgian financial group Dexia fall to near last
week's record low principally due to the problems of major shareholder Holding
Communal, which has held Dexia shares for Belgium's cities, towns and local
The shares fall by as much as 19.2 percent to a low of 0.5610 euros.
The Holding faces huges writedowns for its 14.14 percent stake in Dexia,
which was rescued by Belgium and France and split apart a week ago.
"If the holding goes under, there are fears there will be a liquidation, and
so a liquidation of Dexia shares," one Brussels-based trader says.
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