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PRESS DIGEST- Financial Times - July 12

Published 2016-07-11, 08:26 p/m
© Reuters.  PRESS DIGEST- Financial Times - July 12
SIEGn
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SAN
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CRDI
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ONEX
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TRI
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ALRS
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July 12 (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
* Thomson Reuters in $3.55 billion sale of IP and science
business (http://on.ft.com/29KZim1)
* UniCredit and Santander scramble to save asset manager
merger (http://on.ft.com/29KZpOx)
* Russia sells 11 percent stake in Alrosa (http://on.ft.com/29L04j2)
* Siemens backs away from Brexit warnings (http://on.ft.com/29JDbPG)
Overview
* Canadian group Onex Corp OCX.TO and Baring Private
Equity Asia are acquiring Thomson Reuters' TRI.TO intellectual
property and science business in an all-cash deal worth $3.55
billion.

* Italy's UniCredit CRDI.MI and Spain's Banco Santander
SAN.MC are scrambling to save a plan that would create one of
Europe's largest money managers after the UK's vote to leave the
EU added to concerns about the outlook for the 5.3 billion euro
($5.86 billion) deal.

* The Russian government has sold a 10.9 percent stake in
diamond miner Alrosa ALRS.MM for 52.2 billion roubles ($814
million) as part of a privatisation programme aimed at plugging
the country's budget deficit.

* Siemens SIEGn.DE has backed away from its earlier
warnings that Brexit could make the U.K. a worse place to do
business in and affect the group's future British investment
plans.


($1 = 0.9047 euros)

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