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Market Chatter -- Corporate finance press digest

Fri Jul 3, 2009 2:32am EDT

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LONDON, July 3 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* Chinese state-owned automaker Beijing Automotive (BAIC) will unveil an improved non-binding offer for German carmaker Opel on Friday, Germany's Frankfurter Allgemeine Zeitung newspaper reported on Thursday [ID:nN0295384]

* China's state asset watchdog is encouraging China Mobile (0941.HK), the world's biggest mobile phone carrier by users, to buy shares in the country's biggest commercial bank ICBC (1398.HK), state media reported on Friday [ID:nPEK284073]

(Compiled by Douwe Miedema; Editing by Hans Peters)



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