European shares fell on Friday to their lowest since December 2014, hit by losses in commodity-related stocks as BHP Billiton announced a major writedown and oil fell below $30 a barrel.
BHP Billiton shed 6 percent, the top faller on the pan-European FTSEurofirst 300, after saying it would write down the value of its U.S. shale assets by $7.2 billion. That cemented expectations the company will be forced to cut its dividend for the first time in more than 25 years.
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