UPDATE 1-Market Chatter-Corporate finance press digest
Nov 12 (Reuters) - The following corporate finance-related stories were reported by media:
* Royal Bank of Scotland (RBS) is in talks to sell a shipping loan worth close to $800 million as part of moves to scale down exposure to the seaborne industry, sources familiar with matter said on Monday.
* Bank of America is in talks with Freddie Mac to resolve disputes involving more than $1.4 billion in defective mortgages that Freddie wants the bank to take back, the Wall Street Journal reported, citing people familiar with the matter.
* Western Refining Inc is close to buying a controlling stake in Northern Tier Energy LP for about $775 million to capitalize on rising U.S. oil production, the Wall Street Journal reported, citing people familiar with the matter.
* Danish shipping fuel company, O.W. Bunker, is planning to sell shares in Copenhagen in a flotation that could value the company at up to $895 million, business daily Borsen wrote on Monday.
* Air France-KLM will not participate in a capital increase at battered airline Alitalia on Friday, Le Figaro newspaper reported, echoing a similar report in La Tribune two weeks ago.
- Malaysia military tracked missing plane to west coast: source |
- Malaysia air probe finds scant evidence of attack: sources |
- Ukraine forms new defense force, seeks Western help |
- Freescale loss in Malaysia tragedy leads to travel policy questions
- Front companies, embassies mask North Korean weapons trade - U.N