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

  • Most Popular
  • Most Shared

Public Health

REUTERS SHOWCASE

Airtel Profit Jumps

Airtel Profit Jumps

Bharti Q2 net profit more than doubles   Full Article 

Maruti Earnings

Maruti Earnings

Maruti Suzuki net profit up 29 percent, beats estimates.  Full Article 

ICICI Results

ICICI Results

ICICI Bank Q2 profit up 15 percent, beats estimates.  Full Article 

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Market at Record

Market at Record

Sensex, Nifty hit record highs; reforms outpace hawkish Fed.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

End Of QE

End Of QE

U.S. Fed ends bond buying, exhibits confidence in U.S. recovery.  Full Article 

Samsung Results

Samsung Results

Smartphone woes drag Samsung Elec Q3 profit to more than 3-year low.  Full Article 

Refining Margins

Refining Margins

BPCL aims to double refining margins with refinery expansion.  Full Article 

Reuters India Mobile

Reuters India Mobile

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