UPDATE 2-Market Chatter -- Corporate finance press digest

Tue Aug 11, 2009 3:44am EDT
 
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BANGALORE, Aug 11 (Reuters) - The following corporate finance-related stories were reported by media on Tuesday:

* North American investor Mark Bishop has sold his 22 percent stake in Koenigsegg, the luxury car maker which plans to buy GM's Saab Automobile, Swedish business daily Dagens Industri reported on Tuesday. [ID:nLB639765]

* The total value of distressed-debt deals, where creditors use their debt positions to take ownership of troubled companies, has touched $84.4 billion this year, the Wall Street Journal said, at a pace close to double that of 2008. [ID:nBNG162908]

* Private equity fund Dubai International Capital (DIC) and distressed debt investor Oaktree Capital have abandoned plans to team up to restructure the almost $1 billion debt of German aluminium firm Almatis [ALMTI.UL], the Financial Times reported on Tuesday. [ID:nLA269887]

* India's GMR group is considering listing its global holding firm on the London Stock Exchange as a step towards building a global assets portfolio worth $10 billion, the Business Standard reported citing company sources. [ID:nBOM25561]

(Compiled by Shivani Singh; Editing by Valerie Lee and Dan Lalor)

 

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