July 31, 2018 / 12:04 AM / 20 days ago

PRESS DIGEST- Financial Times - July 31

July 31 (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

Agarwal gets more time to complete Vedanta buyout

on.ft.com/2NZuVdl

Spotify executive Troy Carter to leave in September

on.ft.com/2vlsbz4

Vivendi plans to sell up to half of Universal Music Group

on.ft.com/2vjlNIM

Overview

Indian metals tycoon Anil Agarwal has been given extra time to buy the 33.5 percent of Vedanta Resources Plc he does not already own. The company said late on Monday that its independent directors, with the consent of the UK Takeover Panel, had agreed to extend the offer deadline until August 6 to “enable ongoing financing discussions” to be concluded.

Spotify executive Troy Carter, who had been tasked with mending the relationship between the company and the music industry, is leaving the company.

Vivendi said after the market closed on Monday that it was looking to sell up to 50 percent of Universal Music Group “to one or more strategic partners”, and would soon start hiring banks to help identify them. (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

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