UPDATE 1-Market Chatter-Corporate finance press digest

Mon Dec 31, 2012 11:42am IST

Stocks

   

Dec 31 (Reuters) - The following corporate finance-related stories were reported by media on Monday:

* Guardian Media Group Plc has received expressions of interest for its Auto Trader subsidiary that could lead to a 600 million pounds ($967.68 million) windfall for the struggling newspaper group, the Telegraph reported. ()

* Mumbai-based billionaire Ajay Piramal's eponymous Piramal Group is in advanced talks to buy U.S. private equity firm TPG Capital Management LP's 20.27 percent stake in India's largest truck financier, Shriram Transport Finance Co Ltd , for around 35 billion rupees, the Economic Times reported citing two people with direct knowledge of the negotiations. ()

* Shares of Australia's Sundance Resources Ltd surged more than 17 percent on Monday after the Republic of Congo granted it a key mining permit and following reports China's Hanlong Group plans to complete its long-delayed $1.4 billion takeover by March.

* Taiwan's Chinatrust Commercial Bank is in talks with U.S. investment fund Lone Star Funds and other shareholders of Tokyo Star Bank to take over the Japanese lender for some 50 billion yen ($580.75 million)Japanese media reported on Sunday.

* Carlo Tassara Group, former majority owner of Polish bank Alior Bank SA, is expected to name advisors this week to sell its remaining stake in the company, Il Sole 24 Ore newspaper reported on Sunday.

* Consolidation of European banks is not yet at an end, and Germany's sector with its many small banks will have to change, the co-chief executive of Deutsche Bank AG told a German newspaper.

FILED UNDER:

"India's Daughter"

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

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