Brazil-exposed stocks in Europe slide after Lula's election win
BUZZ-Brazil-exposed stocks in Europe slide after Lula's election win Adds analyst quote in third bullet, Telefonica shares in fifth bullet, updates share moves
** Several European stocks exposed to Brazil fall on Monday after surprise election win of Luiz Inacio Lula da Silva
** Senator Flavio Bolsonaro, son of former president Jair Bolsonaro who had won the first round of election earlier this month, refuses to concede
** "It's a business-friendlier environment if Bolsonaro would have won," Kepler Cheuvreux analyst Richard Withagen says
** Spanish telecoms group Telefonica TEF.MC falls around 7% to its lowest since January 2021 -- Brazil is its largest market by revenue and one of its main profit drivers
** Spanish lender Santander SAN.MC, which gets around 15% of its earnings from Brazil according to Citi, is down around 4%
** Citi says it expects investor focus to shift to Brazil's fiscal outlook and the risk that likely higher for longer rates will delay the bank's asset-quality normalization
** Edenred EDEN.PA, Carrefour CARR.PA, Pluxee PLX.PA, Anheuser-Busch InBev ABI.BR and Heineken HEIO.AS dip between around 0.8% and 3.5%
(Reporting by Margaux Perrin)