(Adds item on Lockheed Martin, Aditya Birla Private Equity, UK
energy firms; updates item on Apple, Comcast)
March 24 The following corporate finance-related
stories were reported by media:
* Two of Morocco's biggest banks, BMCE and BCP
are preparing to launch Islamic subsidiaries as the
Moroccan parliament discusses a bill regulating Islamic banks
and sukuk issues, banking sources said.
* British utility Thames Water has begun a hunt for
international investors to pay for the construction of a 15-mile
(24-kilometre) "super-sewer" in London, a British newspaper
reported, without citing sources.
* Apple Inc is in talks with Comcast Corp
to enter into a deal for a streaming-television service that
would allow Apple set-top boxes to bypass congestion on the web,
the Wall Street Journal reported, citing people familiar with
* South Korea has set a budget of around 7.34 trillion won
($6.79 billion) for 40 Lockheed Martin F-35 fighter
jets, a source with direct knowledge of the deal said on Monday,
in a purchase to be finalised in the third quarter.
* Credit Suisse could cut up to 500 jobs at its
private bank as part of a cost-saving drive, a Swiss newspaper
reported on Sunday.
* Britain's big six energy companies, made up of
Centrica-owned British Gas, SSE, EDF Energy
, RWE npower, E.ON and Scottish
Power, will face the threat of break-up this week with
their regulator Ofgem expected to announce its intention to
refer the firms to the new Competition and Markets Authority
(CMA), according to the Sunday Times.
* Aditya Birla Private Equity is in talks for the possible
purchase of a 6 percent stake in Adlabs Imagica, India's largest
entertainment theme park, for 1 billion rupees ($16.4 million),
three people with direct knowledge of the matter told the
Economic Times. (r.reuters.com/kyb87v)
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($1 = 61.0400 Rupees)
(Compiled by Esha Vaish in Bangalore)