PRESS DIGEST-Financial Times - June 19
The Financial Times reports that German electricity grid equipment maker SGB-SMIT is in early talks for an initial public offering, amid surging demand for AI-linked assets.
- Country:
- Germany
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines
German electricity grid equipment maker SGB-SMIT in early IPO talks PwC UK boss Marco Amitrano wins bigger role in international shake-up
EU set to remove barriers to banks’ cross-border capital flows Blavatnik’s DAZN overhauls structure for potential new equity or IPO
Overview German electricity grid equipment maker SGB-SMIT is in early talks for an initial public offering, marking the latest company to explore a listing amid surging demand for AI-linked assets. PwC's UK boss Marco Amitrano has won a larger role inside the Big Four consultancy’s global network, after a clearout of international executives designed to centralise decision-making across the 364,000-person firm.
EU banks will gain more freedom to move funds between countries in the bloc and could be given capital relief on mortgages and loans to unrated companies, according to a leaked European Commission report. DAZN, the loss-making sports streamer owned by billionaire Sir Leonard Blavatnik, is restructuring its business to make it easier to raise new money and explore a possible public listing.
(Compiled by Bengaluru newsroom)
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