UPDATE 1-Market Chatter-Corporate finance press digest

Fri Dec 21, 2012 1:21am EST

Dec 21 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* Zhejiang Geely Holding Group Co has submitted a bid to buy Manganese Bronze Holdings Plc, the maker of London's black cabs that's under creditor protection, Bloomberg reported citing two people familiar with the matter.

* Votorantim Cimentos SA, the biggest cement producer in Brazil, is preparing an initial public equity offering of at least $3 billion, Bloomberg reported citing three people with direct knowledge of the matter.

* Jason Kilar, chief executive of Hulu LLC, has asked the site's owners-Walt Disney Co, Comcast Corp and News Corp -for about $200 million to fund more program purchases and an overseas expansion, the Wall Street Journal reported citing people familiar with the situation.

* General Motors Co's loss-making Opel division agreed to sell six European facilities to its U.S. parent in return for winning extended funding, according to Frankfurter Allgemeine Zeitung.

* The French government is trying to arrange a deal in which France Telecom SA would acquire part of Alcatel-Lucent SA's submarine cable unit, seen as a 'strategic' asset, French business daily Les Echos reported.

* French luxury group PPR SA is in exclusive talks to sell its Cyrillus and Vert Baudet children's apparel brands to investment fund Alpha, online newspaper Wansquare reported.

* Six bulge bracket private equity funds have been short-listed to purchase a 70 percent stake owned by private equity fund Warburg Pincus LLC in the unlisted Alliance Tire Group, a specialised off-highway tyre maker, the Economic Times reported citing three people with direct knowledge of the development.

* A secretive start-up founded by the man who popularized the Slingbox has been in talks with companies considering buying it, the Wall Street Journal reported citing people close to the company. Microsoft Corp, Google Inc and Apple Inc have been cited as participants.

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