Market Chatter-Corporate finance press digest
Dec 17 (Reuters) - The following corporate finance-related stories were reported by media on Monday:
* American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, sources with direct knowledge of the plan told Reuters.
* Commodity trader Trafigura is working on plans for a listing on the London Stock Exchange of its Puma Energy subsidiary, The Sunday Times reported, citing Puma's chief executive.
* KKR & Co has finished raising its second pan-Asia fund, reaching $6 billion, according to sources, the largest private equity pool ever raised for the region, with strong demand from pension funds and endowments seeking emerging market returns.
* Etihad Airways PJSC will decide this week whether to invest in India's Jet Airways or Kingfisher Airlines Ltd, both of which are competing for a lifeline from the national airline of the United Arab Emirates in return for selling an equity stake.()
* Gas distributor China Gas Holdings Ltd plans to buy London-listed Fortune Oil's gas business in China for HK$3.1 billion ($400 million), sources with knowledge of the deal told Reuters.
* Australian publisher Fairfax Media Ltd is selling its remaining stake in New Zealand online auction and classified business Trade Me Ltd for about A$600 million to pay down debt, the Australian Financial Review said on Sunday.
* Networking equipment company Cisco Systems Inc has hired Barclays to sell its Linksys home router unit, Bloomberg reported.
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Credit Suisse upgrades M&M to "outperform" from "neutral," saying its four-wheeler autos and commercial vehicles will benefit from even a short-lived economic recovery, while the auto-maker has "undemanding valuations." Full Article