Press Digest: Financial Times - April 29

CVC Capital Partners

29/04/2026 03:54

April 29 (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

Lift maker Kone close to finalising 29 billion euro deal to buy TK Elevator

Pernod Ricard ends pursuit of Jack Daniel’s maker Brown-Forman

Bill Ackman hits lowest end of target in second IPO push

Germany to accelerate defence spending well ahead of NATO deadline

RAC pumps the brakes on 5 billion pound London IPO

CVC weighs 9 billion euro bid for Italian payments group Nexi

UAE to leave OPEC in blow to oil cartel

Overview

Lift maker Kone KNEBV.HE is nearing a cash-and-stock deal to buy German rival TK Elevator, valuing the company at about 29 billion euros ($33.97 billion), including debt.

Pernod Ricard PERP.PA and Brown-Forman BFb.N have ended merger talks after the French spirits company and the Kentucky-based owner of Jack Daniel's whiskey failed to reach mutually acceptable terms.

Bill Ackman's Pershing Square has raised $5 billion for its new closed-end ‌fund that is part of a combined U.S. initial public offering of the alternative asset management company.

The German government is working on a draft budget, and total defence spending is planned to reach 144.9 billion euros ($169.74 billion) in 2027, as it seeks to meet Nato’s new target at least six years ahead of schedule.

British driving services group RAC has pushed back its timeline for an initial public offering in London to the final months of this year.

Private equity firm CVC Capital CVC.AS is weighing a 9 billion euro deal for Italian payments group Nexi NEXII.MI.

The United Arab Emirates said it was quitting oil producers' group OPEC after almost 60 years.

($1 = 0.8537 euros)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))