April 4 The following corporate finance-related
stories were reported by media on Thursday:
* Germany's central bank has launched a probe into claims
Deutsche Bank AG misvalued credit derivatives that
allowed the bank to hide up to $12 billion in losses, the
Financial Times reported on Wednesday, citing people familiar
with the situation.
* Poland is considering cancelling $39 billion in treasury
bonds held by private pension funds and paying the resulting
pension shortfall out of its own budget, a newspaper said on
* State-run Petroperu has submitted a preliminary bid to buy
the Pampilla oil refinery of Repsol SA in Peru, a
source at the Peruvian company told Reuters on Wednesday.
* Rio Tinto Plc is mulling over the sale of certain
Australian coal businesses worth about $4.4 billion as part of a
wider disposal plan to boost shareholder returns, the Financial
Times reported on Wednesday. ()
* Government of India-owned Coal India Ltd (CIL), the
world's largest coal miner, is eyeing Anglo-Australian mining
giant Rio Tinto Plc's coal mines, particularly those in
Australia, reported Indian newspaper DNA, citing sources
familiar with the matter. ()
* The Irish takeover regulator has stepped into the battle
for control of Dublin-based pharmaceutical group Elan Corp Plc
by setting a deadline for Royalty Pharma Us Partners
LP to table a firm bid for the company, the Financial
Times reported. ()
* Private equity firms TPG Capital Management LP
and Madison Dearborn Partners LLC are the two
finalists bidding for National Financial Partners Corp,
a New York-based wealth management company with a market value
of nearly $900 million, people familiar with the matter said.
* American private equity fund Carlyle Group LP will
raise a fund in India and launch a non-banking finance company
to catch up with rival and global investment firm Kohlberg
Kravis Roberts & Co LP, the Economic Times reported.
* BTG Investments, a unit of BTG Pactual Group,
plans to sell five-year senior unsecured bonds as early as next
week, two people with knowledge of the deal told Reuters on
Wednesday. The size of the offering has not yet been determined,
the sources said.