European Press Roundup: NHS Faces Breast-Cancer Lawsuit, Sabadell to Sell Loans

In Europe today, International Consolidated Airlines Group is buying Spanish airline Air Europa for EUR1 billion and Spanish bank Santander agreed to acquire a stake in a U.K.-based payments platform. Read about the above topics on Dow Jones Newswires or WSJ.com.

In Other Media...

Breast cancer patients in Scotland are getting ready to sue their local National Health Service after they were treated with weaker-than-normal doses of chemotherapy. At the moment, between 15 to 20 patients are prepared to take their case to court, but more are expected to join. Consultants at NHS Tayside, the health board in question, defended the lower strength dosage, saying that higher amounts were too toxic. -The Times of London

Spain's Banco de Sabadell is aiming to sell a portfolio of bad loans worth EUR900 million by the end of the year. Swedish fund Intrum, U.S. fund Cerberus and Portugal's Servdebt have expressed interest in the portfolio. The loans have been 100% provisioned, so the sale would result in gains for the Spanish bank. -Cinco Dias

Thyssenkrupp's marine systems division is planning to expand its production. The steel maker will invest EUR250 million in its submarine production site in Kiel, Germany until 2023 and hire 500 employees. -FAZ

German Transport Minister Andreas Scheuer criticized a planned salary increase for Deutsche Bahn executives. According to weekly Bild am Sonntag, the salaries are to be raised by more than a third in total. -Frankfurter Allgemeine Zeitung

Concerns about high energy costs are growing among German companies, according to a survey on the raw materials market conducted by Inverto, a subsidiary of management consultancy Boston Consulting. -FAZ

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(END) Dow Jones Newswires

November 04, 2019 08:44 ET (13:44 GMT)

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