European Press Roundup: Dutch Real-Estate Seeks Buyer, Climate Change Is Bad Business for Greece

In Europe today, concerns around the Italian budget weighed on stocks again, while Akzo Nobel announced it would return EUR5.5 billion to shareholders following the sale of its specialty chemicals business. Read about the above topics on Dow Jones Newswires or WSJ.com.

In Other Media...

U.K. investor Round Hill Capital is selling a portfolio of around 10,000 Dutch rental properties, according to sources in the real-estate market. The "mega-deal" should yield around EUR1.4 billion, and the properties account for a yearly EUR75 million rental income. Round Hill has been steadily expanding its portfolio in the Netherlands in the past few years. -De Telegraaf

The governor of the Bank of Greece, Yannis Stournaras, says climate change could hit Greece's GDP to the tune of 2% per year through 2050. He also warns climate change could cost the Greek economy up to EUR700 billion through 2100. -Kathimerini

Spanish pharmaceutical group Almirall receives FDA approval for its antibiotic Seysara, with which it plans to generate sales of between $150 million and $200 million. Almirall will start marketing Seysara in the U.S. in January 2019. -Cinco Dias

French car maker Renault has launched a new electric car to conquer the Chinese market. The new model, called K-ZE, will be commercialized next year in China at a competitive price, according to Renault CEO Carlos Ghosn. -La Tribune

Trade unions and experts estimate that 3,000 employees will have to be let go by Santander following the Spanish bank's takeover of the Banco Popular bank. 1,100 employees were already let go last December. -Cinco Dias

Mark Bristow, the CEO of Randgold Resources, has been photographed with trophy kills from big-game hunts in Africa, despite sitting on the board of a big-cat conservation charity. The U.K. mining company defended its chief, who is the longest-serving CEO in the FTSE100, but Will Travers, the president of Born Free wildlife charity, said that large donations to conservation charities don't mitigate these actions. -The Telegraph

Spain's Bankinter has ruled out moving into the Irish mortgage market, at least in the short term. The bank, Spain's sixth-largest lender, acquired Irish credit-card and personal-loans provider Avantcard last week for an undisclosed sum. -The Irish Times

House prices in London have fallen for the fifth quarter in a row as potential buyers are put off by high prices, changes to taxes and uncertainty over Brexit. In the third quarter of 2018, the average price of a home fell 0.7% to GBP468,544. -The Guardian

French Interior Minister Gerard Collomb presented his resignation to Emmanuel Macron on Monday, but the French President rejected it. Mr. Collomb's move to quit the government follows his decision to run for the mayoralty of Lyon in 2020. -Les Echos

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(END) Dow Jones Newswires

October 02, 2018 06:14 ET (10:14 GMT)

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