UPDATE 1-Market Chatter -- Corporate finance press digest

Fri Feb 5, 2010 3:22am EST

(Adds Cinven and Patriot Risk Management)

BANGALORE Feb 5 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* U.S. private equity group Blackstone (BX.N) and British buy-out firm Resolution (RSL.L) are in the running to join National Australia Bank in a possible bid for more than 300 branches of Royal Bank of Scotland (RBS.L), the Financial Times reported on Friday. [ID:nLDE61400A]

* Private equity firm Cinven [CINV.UL] is teaming up with retail executive Rob Templeman to consider a 500 million pound ($794 million) bid for UK furniture retailer DFS, the Daily Telegraph reported on Friday without citing sources. [ID:nLDE61400I]

* Initial public offerings from Patriot Risk Management Inc and FriendFinder Networks Inc were postponed on Thursday, according to the Wall Street Journal. [ID:nN04168956]

* Samsung Electronics (005930.KS) is in talks to buy a stake in Taiwan's Chunghwa Picture Tubes (2475.TW) as the Korean firm aims to tap the Chinese market, a Taiwan paper reported on Friday. [ID:nTOE614006]

* Liberty International LII.L, one of the UK's largest listed property companies, is to split its 2.8 billion pound ($4.45 billion) business in one of the biggest corporate restructurings in the UK real estate sector, the Financial Times reported in its Friday edition. [ID:nLDE6132XC]

* Citigroup Inc (C.N) Chief Executive Officer Vikram Pandit said the bank was seeking a Chinese partner to set up a local securities joint venture, the official Shanghai Securities News reported on Friday. [ID:nTOE61400A]

* Abu Dhabi's sovereign wealth fund is to buy a 15 percent stake in London's Gatwick Airport for 125 million pounds ($198.4 million) as the airport's new owner aims to bring in additional investors, the Times newspaper reported in its online edition. [ID:nN04107651]

* Deutsche Telekom AG (DTEGn.DE) is considering an initial public offering or spinoff of its U.S. wireless service T-Mobile USA, the Wall Street Journal reported. [ID:nN04247731]

* China's Chery Automobile Co, pending regulatory approval for an A-share initial public offering (IPO), is confident of going public in the first half of this year, the Shanghai Securities News said on Friday. [ID:nTOE61401K] (Compiled by Purwa Naveen Raman in Bangalore)

Related Quotes and News

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