1 novembre 2010 / 05:28 / 7 anni fa

Market Chatter -- Corporate finance press digest

BANGALORE, Nov 1 (Reuters) - The following corporate finance-related stories were reported by media on Monday:

* Indian state-run explorer Oil and Natural Gas Corp (ONGC.BO) is talking to U.S. energy major Exxon Mobil’s (XOM.N) Angolan arm to buy its 25 percent stake in an oil field for about $2 billion, the Economic Times reported. [ID:nBMA008743]

* Industrial & Commercial Bank of China 0349.HK(601398.SS), the world’s biggest lender by market value, paid a token $1 for a small U.S. brokerage firm, the Wall Street Journal reported on Monday, citing people familiar with the matter. [ID:nTOE6A002N]

* BHP Billiton (BHP.AX) is planning to raise its $39 billion hostile bid for Canada’s Potash Corp (POT.TO), the world’s largest fertiliser supplier, the Sunday Times reported, citing sources close to the situation. [ID:nSGE69U02A]

* The European Commission has informally questioned News Corp (NWSA.O) about how it will manage future sports and production rights if it fully acquires BSkyB BSY.L, the Sunday Telegraph reported, citing sources. [ID:nLDE69U0DX]

* Egyptian real estate firm Amer Group expects to raise $300 million through an initial public offering and a private placement before the end of November, a newspaper reported on Sunday. [ID:nLDE69U0AL]

* British retailer Marks & Spencer (MKS.L) is looking to re-acquire some of the properties that it sold in 2001 when it exited Europe, the Sunday Telegraph reported. [ID:nLDE69U091]

* Four parties have voiced interest in potentially acquiring the German business of Arriva, the Sueddeutsche Zeitung reported on Saturday, adding a deal could be reached next month. [ID:nLDE69T097]

* Spanish builder ACS (ACS.MC) would be willing to guarantee in writing the independence of Hochtief (HOTG.DE) and its Australian unit Leighton LEI.AX as part of a takeover, the chairman and chief executive of ACS said in an interview with a German newspaper. [ID:nLDE69T05M]

* There is a 30 percent chance investors holding preferred shares in Porsche SE (PSHG_p.DE) may not be able to swap their stock for equity in cash-rich Volkswagen (VOWG_p.DE), the companies’ top manager said in comments published in newspaper Automobilwoche. [ID:nLDE69T03T]

* International Business Machines Corp (IBM.N) is in advanced talks to buy network security provider Fortinet Inc (FTNT.O), Bloomberg reported on Friday. [ID:nN29263339] (Compiled by Aditi Samajpati in Bangalore)

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