UPDATE 1-Market Chatter-Corporate finance press digest

Wed Jan 9, 2013 1:47pm IST

Related Topics

Stocks

   

Jan 9 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:

* Nestle is working with Rothschild to divest Latin American assets valued at more than $1 billion as it seeks regulatory approval for its acquisition of Pfizer's nutrition unit, Bloomberg reported, citing three people with knowledge of the matter.

* Bank of America is looking to sell collection rights on at least another $100 billion of mortgages after announcing similar deals for more than $300 billion on Monday, according to two sources familiar with the situation.

* Charlotte Burkeman, EMEA head of prime brokerage at Bank of America Merrill Lynch, is leaving the firm, two sources told Reuters.

* Goldman Sachs and Morgan Stanley are among a group of banks expected to agree as soon as this week to a $1.5 billion settlement with U.S. regulators over botched foreclosure claims, two sources familiar with the matter said.

* Italian motorway group Atlantia SpA is in talks to acquire Gemina, which controls Rome airport operator ADR, and a decision could be made in the coming months, sources with direct knowledge of the situation told Reuters.

* Carlyle Group has asked Evercore Partners to explore a sale of cash-strapped Synagro Technologies, the largest recycler of organic waste in the United States, two people familiar with the matter said, as the buyout firm tries to cut its loss on its first infrastructure fund investment.

* A consortium led by New Zealand investment manager Morrison & Co has pulled out of the running for Stansted Airport, north of London, after failing to secure bank financing for its offer, the Daily Telegraph newspaper reported.

Deals of the day:

Morning News Call-EMEA newsletter:

FILED UNDER:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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