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PRESS DIGEST- Financial Times - May 14
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PRESS DIGEST- Financial Times - May 14
May 13, 2024 8:26 PM

May 14 (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

- Apollo and Intel ( INTC ) enter talks to finance $11bn chip plant

in Ireland

- Anglo American rejects improved £34bn offer from BHP

- Chinese solar groups pull out of tender after EU

anti-subsidy probe

- Stellantis ( STLA ) in talks with Vale to invest in Indonesian

nickel smelter

Overview

- Intel ( INTC ) is in advanced talks for a deal with Apollo

Global Management ( APO ) in which the equity firm would provide

more than $11 billion to build a facility in Ireland.

- Anglo American rejected a raised takeover offer of

34 billion pounds ($42.69 billion) from BHP Group ( BHP ) on

Monday, saying the world's largest listed miner "continues to

significantly undervalue" the company.

- The European Commission will close its investigation into

Chinese bidders in a public tender for a solar park in Romania

after the companies withdrew from the process, European Industry

Commission Thierry Breton said on Monday.

- Stellantis ( STLA ) is in talks with Brazilian miner

Vale and China's Huayou Cobalt to invest

in a nickel smelter in Indonesia and secure supplies of the

battery metal critical to its electric vehicle expansion plans.

($1 = 0.7965 pounds)

(Compiled by Bengaluru newsroom)

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