UPDATE 1-Market Chatter-Corporate finance press digest

Wed Mar 26, 2014 1:52am EDT

(Adds Diageo)

March 26 (Reuters) - The following corporate finance-related stories were reported by media:

* Burson Auto Parts, Australia's biggest trade supplier of car parts, will list on the local share market at the end of April in a public float raising A$220 million ($201 million), a source familiar with the IPO told Reuters on Wednesday.

* Blackstone Group LP is close to a deal to buy industrial conglomerate Gates Global Inc for more than $5.5 billion, people familiar with the matter said, in what would be one of the largest leveraged buyouts so far this year.

* Telenor is considering increasing promoter stake to 100 percent in its Indian unit, the Economic Times reported, citing company's Asia head Sigve Brekke. (r.reuters.com/ryr87v)

* Diageo Plc narrowed the bidders for its Whyte & Mackay spirits business to suitors including Lion Capital LLP and KKR & Co. LP, Bloomberg reported, citing people familiar with the matter. (r.reuters.com/das87v)

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($1 = 1.0933 Australian Dollars) (Compiled by Aastha Agnihotri in Bangalore)