November 27, 2009 / 7:02 AM / 8 years ago

UPDATE 1-Market Chatter -- Corporate finance press digest

2 IN. DI LETTURA

(Adds Swire Pacific)

BANGALORE, Nov 27 (Reuters) - The following corporate finance related stories were reported by media on Friday:

* Conglomerate Swire Pacific (0019.HK) (0087.HK) has shortlisted eight investment banks to handle its proposed property arm spinoff, IFR Asia, a Thomson Reuters service, reported, citing banking sources. [ID:nSP34034]

* Softbank Corp (9984.T), Japan's third-largest mobile phone operator, is among the bidders for struggling telecoms firm Willcom Inc, the Yomiuri newspaper reported on Friday. [ID:nT31540]

* Indian state explorer Oil and Natural Gas Corp (ONGC.BO) is seeking a 20-25 percent stake in a $7.5 billion phase-12 project of Iran's South Pars gas field, media reports said on Friday. [ID:nDEL45204] (Compiled by Purwa Naveen Raman in Bangalore) ((purwa.naveen@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging: purwa.naveen.thomsonreuters.com@reuters.net))

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