UPDATE 3-Market Chatter -- Corporate finance press digest
(Adds Natixis, CIT, Summit Entertainment and Tauron)
BANGALORE, Sept 29 (Reuters) - The following corporate finance-related stories were reported by media on Tuesday:
* French investment bank Natixis (CNAT.PA) could sell its credit insurance subsidiary Coface in the next year, the La Tribune newspaper reported. [ID:nLT501782]
* Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group CIT.N with failed mortgage lender IndyMac Federal Bank (IDMCQ.PK), the New York Post reported, citing people familiar with the matter. [ID:nBNG500407]
* The Netherlands is looking into options to sell Fortis Bank Nederland assets to French bank BNP Paribas (BNPP.PA) to get approval for a merger of nationalised banks ABN AMRO [ABNNV.UL] and Fortis Bank Nederland [FORTH.UL], a Dutch newspaper reported. [ID:nLT474361]
* UBS (UBS.N) (UBSN.VX) chief executive Oswald Gruebel said Paine Webber, the bank's U.S. wealth management unit, was "non-core" but the bank will not sell at present, the Financial Times quoted him as saying. [ID:nLT463000]
* Barclays (BARC.L) has entered discussions to buy the banking arm of Standard Life (SL.L), The Times reported.
Standard Life is in talks with several parties, but Barclays is believed to be the most likely bidder in a deal which could be valued at between 200 million pounds ($318 million) and 300 million, the paper said.
* Vanguard Group Inc and Goldman Sachs Group Inc (GS.N) are among U.S. companies objecting to new rules to limit short selling that are under consideration by the U.S. Securities and Exchange Commission (SEC), the Wall Street Journal reported, citing letters filed last week. [ID:nLT473062]
* London-based hedge fund GLG Partners has launched a new fund aimed at investing in the debt of troubled UK and European companies, the Financial Times said on Tuesday. [ID:nBNG515310]
* Summit Entertainment, the studio behind teen vampire movie "Twilight," is close to hiring Morgan Stanley to help it identify potential acquisitions that could include Metro-Goldwyn-Mayer Inc [MGMYR.UL] or The Weinstein Co, the New York Post reported, citing sources.
* Poland plans to sell a 20 percent stake in the country's No. 2 utility Tauron when it goes public next year and the company will also sell new stock, a local business daily reported on Tuesday without naming sources. [ID:nLT467736]
* The first set of 10 initial public offerings on China's planned Nasdaq-style second board froze a combined 784 billion yuan ($115 billion) in funds for subscriptions, the Shanghai Securities News reported. [ID:nSHA318244]
* Chinese state-owned oil company CNOOC is in talks with Nigeria to buy large stakes in some of the richest oil blocks in the world, the Financial Times reported. The value of the potential deal was not disclosed, but details suggested a figure of around $30 billion, the FT said. [ID:nN28108010]
For Deals of the Day, please click on [ID:nSP521885]
(Compiled by Purwa Naveen Raman in Bangalore; Editing by Dan Lalor)
