PRESS DIGEST- Financial Times - Feb 20
Feb 20 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
DUBAI Arabtec ARTC.DU, the construction firm part-owned by Abu Dhabi state fund Aabar, said it launched a joint venture with South Korea's Samsung Engineering Co (028050.KS) that would focus on large energy and power-related projects in the region.
Wach company will own 40 percent of the new venture, Arabtec-Samsung Engineering, and the remaining 20 percent will be owned by Tasameem Property Investment, Arabtec said in a bourse statement on Tuesday.
Arabtec and Samsung first agreed on the venture in April, saying the two companies would bid for projects in oil and gas, power and infrastructure in the Middle East and North Africa, for contracts worth $3-$10 billion.
(Reporting by Dinesh Nair; Editing by Andrew Torchia)
NEW YORK, Feb 19 U.S. food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc, the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target.
LONDON, Feb 17 John Fallon needs to show he has a plan to navigate Pearson through the sinking sands of its main markets when the world's biggest education company reports full-year results.