Dec 20 The following corporate finance-related
stories were reported by media:
* Abu Dhabi's Etihad Airways is in early-stage talks over a
possible 300 million euro ($413 million) investment in Alitalia,
a political source close to the matter said, which could help
rescue the loss-making Italian airline.
* A committee reviewing Guinea's mining contracts has set a
January deadline for BSG Resources and Brazilian partner Vale
to provide more information on their disputed mine
deal, according to a source present at a hearing this week.
* Spain could kick off a sale process for nationalised
lender Catalunya Banc in January, a source at bank restructuring
fund FROB said on Thursday.
* Spain's nationalised NCG Banco, set to be taken over by
Venezuela's Banesco, faces potential losses of 1 billion euros
($1.38 billion) that are not covered by provisions, a source at
bank restructuring fund FROB said on Thursday.
* Austrian energy group Verbund has hired Morgan
Stanley to advise on the potential sale of two gas-fired power
plants in France, a source familiar with the matter said on
* The central European joint venture of Switzerland's
Ringier and Germany's Axel Springer is negotiating to
sell its Czech media operations to businessman Daniel Kretinsky,
a source close to the talks said on Thursday.
* Liberty Media Corp's top executives estimate that
a merger between Charter Communications Inc and Time
Warner Cable Inc could generate roughly $700 million in
annual synergies, according to people close to the matter.
* Deutsche Bank AG is holding preliminary talks
with potential buyers of its uranium trading business - the
first sign since announcing it was largely exiting commodities
trading that parts of the operation are now on the block.
The bank has had a number of expressions of interest in its
uranium business, and expects to start a formal sales process
early in the first quarter, sources familiar with the
* Carlyle Group and KKR have advanced in the sale of
Transpacific Industries Group Ltd's waste management
unit, in a deal that could fetch around NZ$880 million ($725.5
million), people familiar with the matter told Reuters.
* Chilean bank CorpBanca, which has been in
takeover talks in recent weeks, is close to selling a 50.1
percent stake that may be worth as much as $6 billion, according
to newspaper reports on Thursday. Chile's El Mercurio newspaper,
citing sources close to the sale process, said that in the sale
of a 50.1 percent stake, billionaire Alvaro Saieh would retain
control via the presidency of the new locally merged business.
* German chemicals maker BASF is preparing a bid
for DEA, the oil and gas exploration and production
(E&P) unit put up for sale by Germany's No.2 utility RWE
, Frankfurter Allgemeine Zeitung (FAZ) reported.
Sources familiar with the matter have said that a deadline for
initial bids for DEA was now mid-January, after previously
For the Morning News Call-EMEA newsletter click on