European shares fall as Iraq weighs on market, GDF loses
* Fall in GDF Suez weighs on France's CAC index
* Traders cite Iraq violence as reason for equity pullback
* FTSEurofirst 300 closes down 1.1 pct at 1,372.04 points
* FTSEurofirst 300 ends at 3-week low
By Sudip Kar-Gupta
LONDON, June 25 (Reuters) - European shares fell on Wednesday, with utility GDF Suez a standout loser, as traders cited fears that violence in Iraq will escalate further as a cue for investors to cash in on last month's equity rally.
The pan-European FTSEurofirst 300 index ended down by 1.1 percent at 1,372.04 points, marking its lowest level in around three weeks.
France's CAC underperformed with a 1.3 percent decline, hit by a 2.3-percent drop in utility GDF Suez after the French state sold a 3.1 percent stake at 20.18 euros per share, the bottom of a range set by bookrunners.
Traders said the conflict in Iraq was providing investors with a reason to cash in on last month's rally, which saw Germany's DAX hit a record of 10,050.98 points while the FTSEurofirst rose to a 6-1/2 year high of 1,399.62 points. Continuación...