Financial Times - August 13
Aug 13 (Reuters) -The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Indian billionaire to buy 24.5% BT stake from Altice
- UK Treasury questions timetable on contentious fraud compensation plan
- Rachel Reeves weighs PFI-style deal for 9 billion STG new Thames crossing
- Carlyle explores 3 billion euro sale of Dutch salt and chemicals producer Nobian
Overview
- India's Bharti Enterprises said it would acquire a 24.5% stake in BT BT.L, worth 3.2 billion pounds ($4.09 billion), to buy out the British company's top investor Patrick Drahi as his Altice group speeds up asset sales to cut its debt burden.
- British finance minister Rachel Reeves is pushing UK regulators to prove they are "taking seriously" their duty to protect the City's competitiveness, as the Treasury raised concerns over the autumn launch of a new anti-fraud regime.
- British finance minister Rachel Reeves is considering seeking private finance to pay for a 9 billion pounds highway and tunnel across the river Thames to the east of London in an effort to keep the costs off the government's books.
- Carlyle Group CG.O has held discussions with investment banks to initiate a potential sale process of Dutch salt and chemicals producer Nobian.
($1 = 0.7831 pounds)
(Compiled by Bengaluru newsroom)
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