European Press Roundup: BBVA in Talks to Sell Madrid Nuevo Norte Stake; Telecom Italia's Chairman May Step Down
26 Septiembre 2019 - 7:07AM
Noticias Dow Jones
In Europe today, a survey of consumer sentiment in Germany by
market research group GfK shows a positive trend. Meanwhile,
eurozone bank lending to business increased last month, a sign of
continuing momentum in the region's economy. Read about the above
topics on Dow Jones Newswires or WSJ.com.
In Other Media...
Spain's BBVA is in talks to sell its majority stake in Madrid
Nuevo Norte, the biggest urban development project currently
underway in Europe. The sale would be to Merlin Properties, a
listed real-estate company in Spain, according to sources familiar
with the market. BBVA and Merlin have been negotiating a strategic
alliance for the project, which includes building over 10,000
housing units and a new financial hub for the Spanish capital.
-Cinco Dias
Telecom Italia Chairman Fulvio Conti may announce his
resignation on Thursday in a move aimed at helping improve
relations among the company's shareholders. Economist and former
UBS manager Innocenzo Cipolletta is among the leading candidates to
replace him. -La Repubblica
Renta 4 Banco has bought BNP Paribas Personal Investors, a
Spanish subsidiary of BNP Paribas, for a as-of-yet undetermined
price. The sale of the investment-banking business includes the
transfer of a portfolio of 18,000 clients with assets of EUR1.25
billion. -Cinco Dias
Research shows that minimum pricing laws are effective in
reducing alcohol consumption. A study carried out at Newcastle
University shows that alcohol sales dropped 7.5% in Scotland after
new rules were introduced. -The Times
Spain's CC.OO trade union has attacked baked goods manufacturer
Bimbo for its downsizing plans. Bimbo confirmed that it would
reduce its headcount by 290 employees, blaming economic conditions.
-La Vanguardia
British Prime Minister Boris Johnson faced criticism after
warning members of parliament that securing Brexit was necessary to
ensure their safety. The leader of the government was also attacked
by former members of his party who described his language as
worrying, as well as by parliamentarians in the opposition Labour
party. -The Times
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(END) Dow Jones Newswires
September 26, 2019 07:52 ET (11:52 GMT)
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