Dec 31 The following corporate finance-related stories were reported by media on Monday:
* 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.
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Next year, Dr. Ketan Desai is slated to head the World Medical Association (WMA), guardian of the Hippocratic Oath. The WMA is standing by him, even as he battles conspiracy allegations in two Indian courts. Desai has been facing allegations that he conspired in 2009 to have the Medical Council recommend that a private medical college be allowed to add more students. Full article