PRESS DIGEST- Financial Times - Oct. 4

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. - Carlsberg has written down the entire value of its Russian business and terminated agreements allowing the local subsidiary to sell the company's products. (Compiled by Bengaluru newsroom)


Reuters | Updated: 04-10-2023 06:06 IST | Created: 04-10-2023 06:06 IST
PRESS DIGEST- Financial Times - Oct. 4

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Revolut strikes share deal with SoftBank to remove barrier to UK licence - Scandinavian airline SAS wipes out shareholders as part of rescue deal - Carlsberg writes off value of Russian operation

Overview - Revolut has agreed to simplify its ownership structure with its largest investor SoftBank.

- Scandinavian airline SAS is wiping out existing shareholders as part of a rescue deal that involves bigger rival Air France-KLM and private equity firm Castlelake becoming new investors alongside the Danish state. - Carlsberg has written down the entire value of its Russian business and terminated agreements allowing the local subsidiary to sell the company's products.

(Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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