UPDATE 1-Market Chatter-Corporate finance press digest
Feb 21 (Reuters) - The following corporate finance-related stories were reported by media:
* Citigroup Inc Chairman Michael O'Neill is not eager to explore a breakup of the third-largest U.S. bank, the Wall Street Journal reported, citing people familiar with the matter.
* MetLife Inc, the largest U.S. life insurer, has put its British bulk annuity business, MetLife Assurance Ltd, up for sale and has hired investment bankers from Citibank to run an auction for the unit, a person familiar with the matter told Reuters.
* Lufthansa, United Airlines and Air Canada are set to secure EU antitrust approval for their tie-up after agreeing to cede slots at Frankfurt and New York airports to rivals, a person familiar with the matter said on Wednesday.
* Nigeria Liquefied Natural Gas Company (NLNG) has appointed France's BNP Paribas and GT Bank to help raise around $1.6 billion for six LNG carrier ships, a banking source close to the deal said on Wednesday.
* Private equity firm Forstmann Little & Company has decided to put its sports and modelling talent agency IMG up for sale and is in the process of picking an investment bank to lead the effort, three people familiar with the matter said.
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Japan and India vow to boost defence ties during summit
- Government urges court to leave some coal blocks with companies
- Ukraine accuses Russia of "undisguised aggression" as rebels advance
- Balance of payments rises on robust dollar inflows
The Nifty surged past the psychologically important 8,000 level for the first time on Monday as blue-chips such as ICICI Bank gained after better-than-expected quarterly economic growth data. Full Article
Government urges Supreme Court to not cancel some 'illegal' coal mines Full Article