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Market Chatter -- Corporate finance press digest

Thu Jan 8, 2009 2:55am EST

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LONDON, Jan 8 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

Mergers & Acquisitions  |  Global Markets  |  Funds News  |  ETFs News  |  Private Capital  |  China

* Swiss bank Union Bancaire Prive is threatening to pull several billion dollars of investments from large U.S. hedge funds because they do not use a full-time independent administrator, the Wall Street Journal said.

The Swiss bank is facing hefty losses in the alleged Ponzi scheme run by U.S. money manager Bernard Madoff.

* Acciona SA (ANA.MC) and Enel SpA (ENEI.MI), which jointly took over Spanish utility Endesa SA in 2007, are considering a deal for Acciona to sell its interest to Enel ahead of a 2010 put option to sell the stake, the Wall Street Journal said, citing people close to the situation.

* Royal Bank of Scotland (RBS.L) is mulling the sale of its 4.3 percent stake in Bank of China (3988.HK) as part of a widespread review of its international assets, the Financial Times said. [nL8184723]

* German utility RWE TWEG.DE is the leading candidate to take over Dutch peer Essent, Dutch financial daily Het Financieele Dagblad reported, adding bids were around 10 billion euros ($13.6 billion). [nL8663423]

* Scottish & Southern Energy (SSE.L) is looking at bids for two power stations due to be put up for sale by EDF (EDF.PA) following the French giant's acquisition of nuclear operator British Energy BGY.L, The Times newspaper said. [nL870181]

For Deals of the Day, click on [ID:nSP288686]

(Compiled by Douwe Miedema)



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