Press Digest: Financial Times - April 29

Mercuria Holdings

29/04/2025 06:30

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

- Pirelli strips China's Sinochem of control in attempt to avert exclusion by Trump in US

- KKR and Capital Group seek to lure investors to private markets with new funds

- Ministers threaten new pensions law if funds fail to honour UK investment pledge

Overview

- Pirelli's PIRC.MI board has voted to strip Chinese conglomerate Sinochem 600500.SS, its single largest shareholder, of control over the Italian tyre company amid clashes over its governance.

- Capital Group and KKR KKR.N are set to launch new funds spanning private loans, corporate buyouts, and infrastructure and property deals in the latest tie-up between big traditional asset managers and private capital firms.

- UK Ministers are using strong-arm tactics to pressure pension funds to honour a proposed "voluntary" commitment to invest more in UK assets, industry figures have claimed.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))