UPDATE 2-Market Chatter -- Corporate finance press digest

(Adds KBC, Sonae, Deals of the day)

BANGALORE, Nov 12 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

* Belgian banking and insurance group KBC (KBC.BR) will partly float operations in the Czech Republic and Hungary to secure European Union approval for receiving state aid, business daily De Tijd said. [ID:nLC129888]

* Portugal's retail-heavy conglomerate Sonae (YSO.LS) plans to expand to Angola and open its Continente hypermarkets in the southwest African country, Diario Economico newspaper said. [ID:nLC415273]

* The founders of Indian developer DLF Ltd (DLF.BO) will pay 23 billion rupees ($495 million) to buy out hedge fund D.E. Shaw's minority stake in a property trust, the Economic Times reported. [ID:nDEL88760]

* China Central Huijin Investment Ltd., the domestic arm of China's sovereign wealth fund, will inject capital into Export-Import Bank of China by as soon as January, the official China Daily reported. [ID:nPEK136846]

* A Royal Bank of Scotland (RBS.L) led consortium will make a A$1.5 billion ($1.4 billion) bid for Australian investment firm Babcock & Brown Infrastructure (BBI) BBI.AX, taking aim at a rival Canadian proposal, the Australian Financial Review said. [ID:nSYD473744]

* Newbridge Capital [NB.UL], investor George Soros, and Nomura Holdings (8604.T) have been approached by Chinese banks interested in their stakes in Taishin Financial (2887.TW) in a sale that could be worth T$30 billion ($923 million), the Commercial Times reported. [ID:nTP329108]

* Japanese shipping firm Nippon Yusen (9101.T) will likely raise about 150 billion yen ($1.7 billion) in its first public share offering in 40 years, the Nikkei business daily reported. [ID:nT369500]

For Deals of the day, please click on [ID:nSP410457] (Compiled by Shivani Singh; Editing by Jon Loades-Carter)