European shares set for weekly loss but Syngenta soars
* FTSEurofirst set for worst weekly loss since early Sept.
* Syngenta surges on reported takeover approach
* Ferragamo drops after weak results
By Sudip Kar-Gupta
LONDON, Nov 13 (Reuters) - European shares fell on Friday, weighed down by some weak corporate earnings, although agrichemicals group Syngenta surged after a bid approach.
Syngenta rallied 6.7 percent after Bloomberg reported that China National Chemical Corp was in talks to buy the world's largest agrichemical company, although its initial offer of nearly $42 billion was rejected.
Asked about the report, a ChemChina spokeswoman said the company had nothing to announce, while Syngenta declined to comment.
Overall, though, European stock markets were lower.
The pan-European FTSEurofirst 300 index slid 1 percent to 1,455.20 points. The index was down 3 percent over the course of the week, which would mark its worst weekly fall since early September. Continuación...