By Stefanie Haxel
Nov. 21 (Bloomberg) -- Germany's DAX Index pared earlier gains, bringing this week's decline to 11 percent as RWE AG and Deutsche Telekom AG declined.
RWE, Germany's second-largest utility, slid 4.8 percent to 57.67 euros while Deutsche Telekom lost 1.8 percent to 10.565 euros. Commerzbank AG, Germany's second-largest bank, gained the most in a week after Chief Executive Officer Martin Blessing said the takeover of Dresdner Bank is going as planned.
The DAX lost 23.56, or 0.6 percent, to 4,196.64 as of 1:27 p.m. in Frankfurt, as 10 stocks slid and 20 advanced.
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To contact the reporter on this story: Stefanie Haxel in Frankfurt at shaxel@bloomberg.net.
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