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UPDATE 1-Market Chatter-Corporate finance press digest
July 10, 2014 / 5:36 AM / 3 years ago

UPDATE 1-Market Chatter-Corporate finance press digest

(Adds Flipkart and CIMB Group)

July 10 (Reuters) - The following corporate finance-related stories were reported by media:

* German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.

* Indian online retailer Flipkart is in talks to raise at least $500 million, an investment round that will prepare the ground for a likely listing in the United States next year, the Economic Times reported, citing several people aware of the development. (bit.ly/U4WDZB)

* Malaysia’s CIMB Group Holdings Bhd is seeking to acquire two lenders to create the country’s biggest bank, a source familiar with the deal said, a move that is likely to push larger rival Maybank and others in the region to bulk up too.

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