Oct 9 (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
- HSBC offers $13.6 billion deal to delist local Hong Kong unit
- Glencore secures $394 million from Australia to keep copper smelter operational
- Peter Hargreaves to step down from Hargreaves Lansdown board
- Leonard Blavatnik injects another $587 million into DAZN as losses narrow
Overview
- HSBC HSBA.L has proposed a HK$106 billion ($13.62 billion) all-cash deal to delist and fully privatize its Hong Kong lender Hang Seng Bank, offering HK$155 per share at a 30% premium, as part of its restructuring plan.
- Glencore GLEN.L has secured a support package worth up to A$600 million ($395.9 million) from Australia's federal and Queensland governments to sustain operations at its Mount Isa copper smelter and Townsville copper refinery for three years.
- Peter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is stepping down as a board director of the DIY investment platform, with his son Robert taking his board position.
- Billionaire Leonard Blavatnik has invested an additional $587 million into his sports streaming platform DAZN, pushing his total investment to over $7 billion in less than a decade.
($1 = 7.7804 Hong Kong dollars)
($1 = 1.5154 Australian dollars)