July 3 The following corporate finance-related stories were reported by media:
* State-run Caixa Econômica Federal, Brazil's largest mortgage lender, is considering selling a pool of distressed consumer loans to investors, the first step in a broader plan to get rid of bad loans and free up capital, a source said on Wednesday.
* Malaysian state investor Khazanah Nasional Bhd plans to take Malaysian Airline System Bhd (MAS) private as the first step in a major restructuring of the loss-making airline following the disappearance of its Flight MH370, two people with direct knowledge of the matter said on Wednesday.
* Paramount Group Inc has retained Bank of America Corp to explore strategic alternatives, including an initial public offering that could value the city office property owner at up to $15 billion, according to people familiar with the matter.
* Indian infrastructure builder Jaiprakash Associates on Wednesday launched a share sale to institutional investors to raise up to $250 million, two people directly involved in the process said.
* Qatar Islamic Bank (QIB) and Turkey's Bank Asya have ended exclusive talks over QIB acquiring a stake in the Turkish lender, four sources close to the matter told Reuters, with valuation concerns said to be behind the decision.
* Volkswagen is preparing to launch a takeover bid for U.S. truck maker Paccar next year, Daimler DAIGn.DE Trucks Chief Wolfgang Bernhard told analysts at Bernstein Research.
* Occidental Petroleum Corp has failed to sell a stake in its Middle East business and now plans to sell some assets piece by piece, Bloomberg reported on Wednesday, citing people with knowledge of the matter.
* Private equity firm KKR & Co LP has attracted binding bids from Danish shipping company DFDS A/S DFDS.CO and an alliance of PE players Esas Holding AS and Actera Partners LP for its Turkish ferry unit, Bloomberg reported on Wednesday, citing sources.
* Lululemon Athletica Inc founder Dennis Wilson's advisers have been talking to private equity firms including Leonard Green & Partners to find out if they are interested in buying the fashionable yoga gear maker, the Wall Street Journal reported citing people familiar with the matter.
For the deals of the day click on
For the Morning News Call-EMEA newsletter click on (Compiled by Tasim Zahid in Bangalore)