European Press Roundup: Hema Owner Weighs Store Sales, France Hits Cruise-Ship Captain With Pollution Fine

In Europe today, stocks rebound after a market-rattling week, and Italian banks trade sharply higher after the Italian government adopts a more conciliatory tone in its budget dispute with the EU. Read about the above topics on Dow Jones Newswires or WSJ.com.

In Other Media...

Dutch retail chain Hema's new owner is considering a quick sale of part of the store network to franchisers in order to speed up the company's expansion abroad, according to unnamed sources. The sale of each branch would bring in an estimated 1 million-1.5 million euros. -Financieele Dagblad

A French court has slapped a EUR100,000 fine on the American captain of a cruise ship for using fuel that exceeded pollution limits when it docked in Marseille in March. It is France's first such fine, part of which will have to be paid by the captain's employer, Carnival. -Le Figaro

The U.K.'s proposed Brexit deal could cost the country's economy 100 billion pounds by 2030, according to a study by the National Institute for Economic and Social Research. The report, commissioned by the People's Vote campaign, said the country's GDP would be around 4% lower than if the U.K. remained in the European Union. -The Independent

Italian state lender CDP may become the controlling shareholder of a new company holding Telecom Italia and Open Fiber networks. -La Repubblica

Tos Chirathivat, the Thai owner of German luxury department store group KaDeWe, is planning new store openings in Dusseldorf and Vienna. Mr. Tos says he will discuss the details of the project with Rene Benko, the minority owner of KaDeWe Group, at the end of the month. "Mr. Benko already has the buildings, now we're talking about how to proceed," he says. -Handelsblatt

British railway users are now able to appeal to a Dispute Resolution Ombudsman if they are unhappy over the handling of their complaints to train companies. Around 6,000 complaints a year are expected to be referred to the new service. -BBC

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(END) Dow Jones Newswires

November 26, 2018 08:36 ET (13:36 GMT)

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