Market Chatter-Corporate finance press digest
April 29 (Reuters) - The following corporate finance-related stories were reported by media over the weekend and on Monday:
* British bank Lloyds has agreed to sell its Spanish banking business to Banco Sabadell in exchange for a stake in the Spanish bank of between 1.5 and 2.0 percent, newspaper Expansion reported citing unnamed sector sources.
* PT Sri Rejeki Isman (Sritex), Indonesia's largest integrated textile manufacturer, aims to raise as much as 1.5 trillion rupiah ($154.4 million) in an initial public offering in June to tap buoyant demand for Indonesian stocks, two sources said.
* Telecom Italia could float its Italian fixed-line network on the stock market to keep it separate from any possible tie-up with Hutchison Whampoa Ltd, Italian daily Il Messaggero said in an unsourced report.
* Virtus Health, an in-vitro fertilization (IVF) business backed by Australian buyout firm Quadrant Private Equity, launched an up to $300 million initial public offering, IFR reported, set to be the country's largest IPO so far this year.
- China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan |
- Israel pounds Gaza despite international peace efforts |
- Train carrying MH17 bodies on final journey reaches Ukraine city |
- Islamic State crushes and coerces on march towards Baghdad
- EU threatens Russia with more sanctions, but words ring hollow