UPDATE 1-Market Chatter -- Corporate finance press digest

(Adds D.E. Shaw)

BANGALORE Feb 9 (Reuters) - The following corporate finance-related stories were reported by media on Tuesday:

* The government of Ghana has blocked the estimated $4 billion sale of a stake in its Jubilee oil field, foiling months of talks between potential buyer Exxon Mobil Corp (XOM.N) and the stake's owner, Kosmos Energy LLC, the Wall Street Journal reported. [ID:nN08166372]

* South Korea's Lotte Group has agreed to buy GS Retail's department store and discount store operations in a deal estimated at as much as 1.4 trillion won ($1.20 billion), according to the Maeil Business Newspaper on Tuesday. [ID:nSEL002958]

* Indian conglomerate GMR Infrastructure (GMRI.BO) is in advanced talks with private equity firms to raise about 15 billion rupees ($322 million) for its power unit, the Economic Times reported, citing the group's chairman. [ID:nSGE61803Q]

* U.S. hedge fund D.E. Shaw has set up a team to look at buying distressed-asset portfolios held by rival hedge fund firms, the Financial Times said. [ID:nSGE61805U]

(Compiled by Purwa Naveen Raman in Bangalore; Editing by Dan Lalor)