Press Digest: Financial Times - April 23

CVC Capital Partners

23/04/2026 03:35

April 23 (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

CVC-led group closes in on 1-billion-pound Standard Life pensions deal

EU rethinks opposition to Arctic oil and gas drilling

Switzerland hits UBS with proposed $20 billion capital increase

Ukraine miner Ferrexpo warns it could run out of cash by August

EQT makes improved 9.7 billion pound offer for Intertek

Trump envoy seeks to replace Iran with Italy in football World Cup

Overview

A consortium led by CVC Capital Partners CVC.AS and Prudential Financial PRU.N has emerged as a frontrunner to acquire a stake worth over 1 billion pounds ($1.35 billion) in Standard Life's SDLF.L pension risk transfer (PRT) business.

The European Union is considering dropping its opposition to new oil and gas drilling in the Arctic.

Switzerland granted UBS UBSG.S concessions on planned new capital rules, raising Common Equity Tier 1 (CET1) core capital for UBS by about $20 billion, but the government stuck to its key demand that the bank fully capitalise its foreign units.

Ukrainian iron ore pellet producer Ferrexpo FXPO.L said it was pursuing a potential equity raise of at least $100 million to stave off insolvency, warning it had only enough accessible cash to survive until about August-end without new funding.

Swedish private equity firm EQT AB EQTAB.ST has tabled a sweetened proposal for Britain's Intertek ITRK.L, valuing the product testing firm at 9.7 billion pounds.

Paolo Zampolli, U.S. special envoy to U.S. President Donald Trump has asked FIFA to replace Iran with Italy in the upcoming World Cup.

($1 = 0.7409 pounds)

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))