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:

REUTERS SHOWCASE

Kashmir Attack

Kashmir Attack

Ten dead in Kashmir's worst militant attack in more than a year  Full Article 

OPEC Meeting

OPEC Meeting

Gulf states seek to block OPEC oil output cut.  Read 

E-Commerce Boom

E-Commerce Boom

Online grocers come up trumps in India's e-commerce boom   Full Article 

GDP, RBI Preview

GDP, RBI Preview

GDP growth set to weaken, business wants reforms more than rate cut  Full Article | Related Story 

Jaitley to Rajan

Jaitley to Rajan

Jaitley likely to meet Rajan on Monday to urge rate cut  Full Article 

Banking Sector

Banking Sector

RBI releases final rules for niche bank licensing  Full Article 

Jamini Roy

Jamini Roy

Photo Gallery – Bengali household name Jamini Roy’s paintings  Full Article 

Reuters India Mobile

Reuters India Mobile

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