Dec 17 The following corporate finance-related stories were reported by media on Monday:
* American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, sources with direct knowledge of the plan told Reuters.
* Commodity trader Trafigura is working on plans for a listing on the London Stock Exchange of its Puma Energy subsidiary, The Sunday Times reported, citing Puma's chief executive.
* KKR & Co has finished raising its second pan-Asia fund, reaching $6 billion, according to sources, the largest private equity pool ever raised for the region, with strong demand from pension funds and endowments seeking emerging market returns.
* Etihad Airways PJSC will decide this week whether to invest in India's Jet Airways or Kingfisher Airlines Ltd, both of which are competing for a lifeline from the national airline of the United Arab Emirates in return for selling an equity stake.()
* Gas distributor China Gas Holdings Ltd plans to buy London-listed Fortune Oil's gas business in China for HK$3.1 billion ($400 million), sources with knowledge of the deal told Reuters.
* Australian publisher Fairfax Media Ltd is selling its remaining stake in New Zealand online auction and classified business Trade Me Ltd for about A$600 million to pay down debt, the Australian Financial Review said on Sunday.
* Networking equipment company Cisco Systems Inc has hired Barclays to sell its Linksys home router unit, Bloomberg reported.
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With the crucial GDP data scheduled to be announced along with key corporate results, volatility is expected to prevail in the upcoming week. Disappointment on these fronts may push the Nifty down to the 7,200-7,500 range. Once we witness stability and consolidation, investors should increase their exposure, says Ambareesh Baliga. Full article