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UPDATE 1-Market Chatter-Corporate finance press digest
November 12, 2013 / 6:06 AM / in 4 years

UPDATE 1-Market Chatter-Corporate finance press digest

Nov 12 (Reuters) - The following corporate finance-related stories were reported by media:

* Royal Bank of Scotland (RBS) is in talks to sell a shipping loan worth close to $800 million as part of moves to scale down exposure to the seaborne industry, sources familiar with matter said on Monday.

* Bank of America is in talks with Freddie Mac to resolve disputes involving more than $1.4 billion in defective mortgages that Freddie wants the bank to take back, the Wall Street Journal reported, citing people familiar with the matter.

* Western Refining Inc is close to buying a controlling stake in Northern Tier Energy LP for about $775 million to capitalize on rising U.S. oil production, the Wall Street Journal reported, citing people familiar with the matter.

* Danish shipping fuel company, O.W. Bunker, is planning to sell shares in Copenhagen in a flotation that could value the company at up to $895 million, business daily Borsen wrote on Monday.

* Air France-KLM will not participate in a capital increase at battered airline Alitalia on Friday, Le Figaro newspaper reported, echoing a similar report in La Tribune two weeks ago.

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