Jan 7 The following corporate finance-related
stories were reported by media on Monday:
* Sony Corp is joining with BMG to bid for
Parlophone and other EMI labels on sale by Universal Music,
reuniting Sony and Bertelsmann four years after they
ended their music joint venture, the Financial Times said.
* Private equity group Terra Firma plans to sell
assets this year that are likely to include the European cinema
chain Odeon & UCI Group to raise more than 1 billion pounds
($1.60 billion), the Financial Times said.
* China's sovereign wealth fund is in talks to buy a stake
comprising between 4 and 10 percent of German luxury car and
truckmaker Daimler, according to official Chinese
media. The deal would cost between 1.8 billion euros and 4.5
billion euros ($2.35 billion and $5.87 billion) at the current
market value. ()
* Franco-Dutch carrier Air France-KLM is in
"advanced" talks to take control of Italy's flagship airline
Alitalia by the summer, Rome's Messaggero newspaper reported on
Sunday without citing its sources.
* Swiss pharmaceutical group Roche is no longer
considering a bid for U.S. gene-sequencing company Illumina
, Chairman Franz Humer was quoted as saying in a
newspaper interview on Sunday.
* Bank of America Corp is in talks to sell
collection rights on $300 billion of mortgages, two sources
familiar with the situation said, in an effort to offload
problem exposure after huge losses from its Countrywide
* India has shortlisted six banks, including Goldman Sachs
, Citigroup and Morgan Stanley, for a
selldown of state shares worth $2.3 billion in power producer
NTPC Ltd, three sources with direct knowledge of the
* U.S. buyout firm Cerberus Capital Management LP
is planning to sell most of its stake in Japanese lender Aozora
Bank Ltd in a global offering that could be worth more
than 200 billion yen ($2.27 billion), sources with direct
knowledge of the sale said.
* German property company GSW Immobilien met its
2012 profit targets and may consider another capital increase if
market conditions are favourable, its chief executive told
newspaper Welt am Sonntag.
* Citigroup Inc is planning to ask regulators for
permission to buy back a "minimal" number of shares, the Wall
Street Journal reported.
* Flowers Foods and Grupo Bimbo are in
discussions to acquire pieces of Hostess Brands Inc's
bread business, as the maker of Wonder Bread and Twinkies sells
off assets and liquidates, the Wall Street Journal reported,
citing people familiar with the talks. ()
* The founders of Malaysia's AirAsia Bhd are
expected to launch a $65 million initial public offering of Tune
Insurance Bhd by the end of February, two sources close to the
* Passport Health Communications Inc, a healthcare software
company partly controlled by private equity firm Spectrum
Equity, is close to announcing a deal to buy Data Systems Group,
according to three people close to the matter.