(Adds news items on Orix Corp and Lufthansa)
April 22 The following corporate finance-related
stories were reported by media on Tuesday:
* Japanese financial services company Orix Corp
will buy precious metal, diamond and jewellery recycler Net
Japan Co from Baring Private Equity Asia for around 21 billion
yen ($204.74 million), people with knowledge of the matter said
* Lufthansa's IT infrastructure business, which
the airline is trying to sell, is drawing interest from IBM
, Hewlett-Packard and France's Atos,
German paper Frankfurter Allgemeine Zeitung (FAZ) reported,
without citing any sources.
* Citigroup Inc is seeking buyers for about 50
branches holding $3 billion of deposits in California as the
lender looks to trim its branch network, Bloomberg reported,
citing three people involved in the process.
* Australia's Crown Resorts Ltd is set to bid for a
$2 billion casino complex in Las Vegas, according to media
report, underscoring the Melbourne-based casino operator's
ambition to expand to more markets.
* Italy's two largest banks, UniCredit and Intesa
Sanpaolo, are teaming up with U.S. private equity firm
Kohlberg Kravis Roberts to pool some of their bad
loans into a vehicle that will provide fresh capital for the
struggling companies, the Financial Times reported.
* Talks between Barrick Gold Corp and Newmont
Mining Corp about a potential merger have hit a snag,
but sources close to the situation say the companies remain keen
to reach a deal and discussions are likely to resume.
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(Compiled by Aashika Jain in Bangalore)