UPDATE 1-Market Chatter — Corporate finance press digest

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  • Posted on April 22, 2011

    Sampo won’t go over 25 pct in Nordea-reportThu, Apr 14 2011Brazil’s BMG to buy banks Schahin, Morada-reportWed, Apr 13 2011UPDATE 5-Marks & Spencer defies UK retail gloomWed, Apr 6 2011UPDATE 3-Intesa boards back capital increaseTue, Apr 5 2011UPDATE 3-TUI says in talks over Hapag stake sale, shares riseTue, Apr 5 2011 Analysis & Opinion Scoutmob tries to outdeal Groupon GroupPrice targets small business with daily deals Related Topics Mergers & Acquisitions » Global Markets » Funds News » ETFs News » Private Capital » Cyclical Consumer Goods » Financials » Industrials » Stocks

    Thu Apr 14, 2011 3:20am EDT

    (Adds items on Sampo and Virgin)

    BANGALORE, April 14 (Reuters) – The following corporate finance-related stories were reported by media on Thursday:

    * Billionaire entrepreneur Richard Branson’s Virgin Group will exit a marketing joint venture in India with Tata Teleservices [TATASL.UL], with the latter agreeing to buy out the 50 percent stake that Virgin holds for a undisclosed sum, the Hindu Businessline reported on Thursday. [ID:nL3E7FE0RV]

    * Finnish insurer Sampo (SAMAS.HE) would buy a maximum 25 percent of Nordic bank Nordea (NDA.ST), though it sees no big push to increase its stake, chairman Bjorn Wahlroos was quoted as saying in an interview with Dagens Industri. [ID:nLDE73D0AN]

    * Chinese banks may have to raise about 860 billion yuan ($131 billion) of stock over six years to meet stricter capital rules, Bloomberg News reported. [ID:nL3E7FE03B]

    * Brazil’s Banco BMG is in talks to buy rivals Schahin and Morada, with both deals to be concluded in coming days, local media reported on Wednesday. [ID:nN13243004]

    * Aeon Delight Co (9787.T), which cleans and manages commercial sites and other locations, will buy housekeeping services provider Kajitaku Inc for about 1 billion yen ($12 million), the Nikkei business daily reported. [ID:nL3E7FD2ZE]

    * Volkswagen (VOWG.DE) said a decision on a possible stake in Isuzu Motors (7202.T) was currently not on the agenda after a report it was considering buying all or part of the Japanese truckmaker. [ID:nLDE73C1GJ] For Deals of the day, click on [DEALS/]

    (Compiled by Anirban Sen in Bangalore) (anirban.sen@thomsonreuters.com; within UK +44 207 542 7717; outside UK +91 80 4135 5800; Reuters Messaging: anirban.sen.thomsonreuters.com@reuters.net)


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