Market Chatter-Corporate finance press digest

Tue Dec 18, 2012 9:34am IST

Stocks

   

Dec 18 (Reuters) - The following corporate finance-related stories were reported by media on Tuesday:

* General Electric Co is close to finalising an agreement to buy Italian aerospace supplier Avio as early as this week for more than 3 billion euros ($3.95 billion), sources close to the deal said on Monday.

* The French government is concerned about Alcatel-Lucent SA's plan to use patents as collateral for a 1.6 billion euro ($2.11 billion) loan because the intellectual property could fall into the hands of foreign banks, Les Echos newspaper reported.

* Vinci SA has bid 3 billion euros ($3.95 billion) for control of Portuguese airport operator ANA, the highest offer among the four groups competing in the privatisation auction, sources familiar with the transaction said.

* US-based ConocoPhillips is in talks with India's state-run Oil and Natural Gas Corporation to pick stake in more than one of its ultra-deep-water blocks, the Business Standard reported.

* Electronic trading firm Knight Capital Group is considering two competing acquisition offers following a board meeting on Monday that included presentations from suitors Getco Holding LLC and Virtu Financial LLC, sources familiar with the talks said.

* Exactly a decade after he launched India's first low-cost carrier (LCC) Air Deccan, Captain Gopinath is all set to make a comeback with a startup, the Economic Times reported. Three foreign LCCs are learnt to have approached him to take up to 49 percent stake in the proposed new venture for which he has already applied to the aviation ministry to get a licence, the report said.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Adani Project

Adani Project

Australia approves Adani's $16 bln Carmichael coal project  Full Article 

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Paring Debt

Paring Debt

Jaiprakash to sell hydro plants to Reliance Power  Full Article 

Nifty Falls

Nifty Falls

The broader index hits lowest in nearly a week on profit taking  Full Article 

Mideast Conflict

Mideast Conflict

U.N. Security Council calls for humanitarian ceasefire in Gaza  Full Article 

Market Eye

Market Eye

Foreign investors prefer Indian cyclicals, utilities - Macquarie  Full Article 

Debt Investment

Debt Investment

India's FII debt limit hike credit-positive, says Moody's  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage