PRESS DIGEST – Financial Times – March 16
Here are the top stories from the Financial Times. Reuters has not verified these stories and does not guarantee their accuracy. Securities
– Trafigura and Blackstone discussed investment of up to $3 billion https://on.ft.com/35ZHcgo – UK Prime Minister Boris Johnson to push for Saudi funding for green energy in Riyadh
– Holland & Barrett owner escapes sanctions despite Russia ties https://on.ft.com/3Jfe6rG – Roman Abramovich and other oligarchs hit with new EU and UK sanctions https://on.ft. com/3KLfgvj
Overview – Trafigura has been in talks with Blackstone over an equity investment of up to $3 billion as the commodities trader seeks to expand its sources of funding.
– British Prime Minister Boris Johnson hopes to line up major Saudi investments in British renewable energy during a visit to Riyadh on Wednesday, where he will urge the kingdom to increase oil production to weather market volatility. – London-based investment group LetterOne is set to escape direct sanctions in Britain after Russian owners, including Mikhail Fridman, were hit with new asset freezes and UK travel bans .
– The EU and UK have imposed new sanctions on the Russians and the EU has added names including Chelsea football club owner Roman Abramovich to a list of asset freezes and bans on to travel. Alfa Group shareholders German Khan and Alexey Kuzmichev are among those subject to sanctions. (Compiled by Bengaluru Newsroom)
(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)