Market Chatter-Corporate finance press digest

Wed Jul 10, 2013 1:59am EDT

July 10 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:

* Glencore Xstrata PLC is looking to sell its Dakota Growers Pasta Co business as it continues to divest assets acquired from its $6 billion purchase of Canadian grain handler Viterra last year, according to three sources with knowledge of the process.

* Pinnacle Foods and Fresh Del Monte are among the companies considering offers for Del Monte Foods' canned foods business, a deal that could be worth more than $1.5 billion, four people familiar with the process said on Tuesday.

* French auto parts maker Faurecia will announce on Wednesday that it plans to sell one of its French factories and cut jobs at another as it grapples with the slump in demand hitting European automakers, business daily Les Echos reported on Tuesday.

* Malaysia's Petronas is in talks to sell 10 percent of its Canadian shale gas assets to Indian Oil Corp , sources with direct knowledge of the matter said, mirroring a deal it signed earlier this year with a Japanese company.

* Maxim magazine, the bawdy men's title that went up for sale in March, is seeing some bids of about $20 million, less than a tenth of the price its owners paid six years ago, according to people familiar with the situation, Bloomberg reported. ()

* MTN Group Ltd, Africa's largest wireless carrier, and Reliance Communications Ltd of India have put talks to link up on hold, according to three people with knowledge of the situation, Bloomberg reported. ()

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