Market Chatter -- Corporate finance press digest

LONDON, July 1 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:

* Citigroup Inc (8710.T)(C.N) is in final talks to sell its Japanese trust bank, NikkoCiti Trust & Banking Corp, to a Nomura Holdings Inc (8604.T) subsidiary for an estimated $210 million, the Nikkei business daily said [ID:nBNG504048].

* India's United Spirits (UNSP.BO) has received term sheets from Blackstone (BX.N), KKR and Capital International, who are interested in buying a stake worth $250-300 million in the company, the Economic Times said [ID:nBOM379882].

* British retailer Tesco (TSCO.L) is a potential bidder for nationalised bank Northern Rock (NRKx.L), UK newspaper the Times reported in its Wednesday edition [ID:nLU342569]

* Bank of America Corp's (BAC.N) primary investment management unit is drawing lower than expected bids after likely suitor Blackrock (BLK.N) bought Barclays Global Investor (BARC.L), the Financial Times said [ID:nBNG122613].

* Shinsei Bank (8303.T) and Aozora Bank (8304.T) are likely to seek an injection of public funds to shore up their capital as the two loss-making lenders merge their businesses, the Nikkei business daily said on Wednesday.

* Patrick Degorce is planning to launch his own fund after splitting from high-profile hedge-fund manager Christopher Hohn, hoping to raise as much as $1 billion over time, the Wall Street Journal said.

For deals of the day, click on [ID:nSP225795]

(Compiled by Douwe Miedema; Editing by Simon Jessop)