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Market Chatter -- Corporate finance press digest

Wed Nov 19, 2008 2:48am EST

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LONDON, Nov 19 (Reuters) - The following corporate finance-related reports involving U.S. and European companies appeared in media on Wednesday:

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* Sumitomo Mitsui Financial Group (8316.T) said it would issue preferred securities in a fund-raising one newspaper put at $4.1 billion, becoming the latest Japanese bank to bolster its capital in the financial crisis [ID:nT328098].

* British retailer Woolworths WLW.L is in talks about a sale of its retail business for a nominal 1 pound to Hilco, a company turnaround specialist, the Times newspaper reported [ID:nLJ374955].

* Babcock & Brown Infrastructure Ltd BBI.AX plans to sell a stake in one of Australia's largest coal ports, Dalrymple Bay, the Australian Financial Review said [ID:nSYD407357].

* Citigroup Inc (C.N) is liquidating its Corporate Special Opportunities hedge fund after it lost 53 percent of its value last month, the Financial Times said [ID:nN18300894].

For deals of the day, click on [ID:SP418813]

(Compiled by Douwe Miedema; Editing by Greg Mahlich)

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