PRESS DIGEST-Financial Times - April 29
April 29 (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
- Pirelli strips China's Sinochem of control in attempt to avert exclusion by Trump in US
- KKR and Capital Group seek to lure investors to private markets with new funds
- Ministers threaten new pensions law if funds fail to honour UK investment pledge
Overview
- Pirelli's PIRC.MI board has voted to strip Chinese conglomerate Sinochem 600500.SS, its single largest shareholder, of control over the Italian tyre company amid clashes over its governance.
- Capital Group and KKR KKR.N are set to launch new funds spanning private loans, corporate buyouts, and infrastructure and property deals in the latest tie-up between big traditional asset managers and private capital firms.
- UK Ministers are using strong-arm tactics to pressure pension funds to honour a proposed "voluntary" commitment to invest more in UK assets, industry figures have claimed.
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