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PRESS DIGEST- Financial Times - May 14

Reuters
·1 min read

May 14 (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

- Apollo and Intel enter talks to finance $11bn chip plant in Ireland

- Anglo American rejects improved £34bn offer from BHP

- Chinese solar groups pull out of tender after EU anti-subsidy probe

- Stellantis in talks with Vale to invest in Indonesian nickel smelter

Overview

- Intel is in advanced talks for a deal with Apollo Global Management in which the equity firm would provide more than $11 billion to build a facility in Ireland.

- Anglo American rejected a raised takeover offer of 34 billion pounds ($42.69 billion) from BHP Group on Monday, saying the world's largest listed miner "continues to significantly undervalue" the company.

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- The European Commission will close its investigation into Chinese bidders in a public tender for a solar park in Romania after the companies withdrew from the process, European Industry Commission Thierry Breton said on Monday.

- Stellantis is in talks with Brazilian miner Vale and China's Huayou Cobalt to invest in a nickel smelter in Indonesia and secure supplies of the battery metal critical to its electric vehicle expansion plans. ($1 = 0.7965 pounds) (Compiled by Bengaluru newsroom)