Top Financial Stories: Bharti's Major Acquisition, UK Treasury's Concerns, and Potential Nobian Sale
The Financial Times reports major financial developments including Bharti Enterprises acquiring a substantial BT stake, the UK Treasury's scrutiny of an anti-fraud compensation plan, and Carlyle exploring the sale of Dutch company Nobian. Other stories include Rachel Reeves' potential private finance initiative for a new Thames crossing.
![Top Financial Stories: Bharti's Major Acquisition, UK Treasury's Concerns, and Potential Nobian Sale](https://devdiscourse.blob.core.windows.net/aiimagegallery/30_07_2024_05_41_15_5623204.png)
The Financial Times has highlighted significant financial activities in its latest report, with Bharti Enterprises set to acquire a 24.5% stake in BT, valued at £3.2 billion, from Altice.
UK Treasury officials are questioning the timeline of a proposed anti-fraud compensation plan, prompting British finance minister Rachel Reeves to urge regulators to enhance the City's competitiveness.
Additionally, Rachel Reeves is considering a PFI-style deal for a £9 billion Thames crossing, while Carlyle Group is exploring the sale of Dutch salt and chemicals producer Nobian, valued at €3 billion.
(With inputs from agencies.)
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