November 29, 2010 / 5:46 AM / 9 years ago

UPDATE 1-Market Chatter -- Corporate finance press digest

(Adds Enea, EuroSibEnergo, BPN)

BANGALORE, Nov 29 (Reuters) - The following corporate finance-related stories were reported by media on Monday:

* Poland’s treasury may drop its plans to sell the country’s No.3 utility Enea (ENAE.WA) if the regulator approve PGE’s PGEP.WA takeover of Energa, daily Parkiet reported on Monday without naming sources. [ID:nLDE6AS0BJ]

* Electricity firm EuroSibEnergo, the power unit of Russian aluminium tycoon Oleg Deripaska’s business empire, has postponed a planned $1.5 billion Hong Kong IPO due to weakness in the city’s stock market, a media report said. [ID:nTOE6AS06J]

* Portugal has been unable to find any potential buyers for Banco Portugues de Negocios (BPN), a small bank which was nationalised in November 2008, daily Diario de Noticias reported. [ID:nLDE6AS0HS]

* Royal Dutch Shell’s (RDSa.L) U.S. arm has put its South Texas gas fields up for sale in an auction that could fetch about $1 billion, The Wall Street Journal reported on Sunday. [ID:nN28200615]

* Luxembourg-based luggage maker Samsonite is considering a $1 billion initial public offering in Hong Kong, the Sunday Times reported without citing sources. [ID:nLDE6AR0AP]

* Punch Taverns PUB.L is considering plans to offload 6,000 tenanted pubs to its bondholders to slash its debt, the Sunday Times reported. [ID:nLDE6AR0AT]

* Russian internet company Yandex is considering a 1 billion pound ($1.57 billion) initial public offering in London early next year, the Mail on Sunday reported citing City sources. [ID:nLDE6AR0CK]

* Private equity firm Blackstone (BX.N) is drawing up plans to mount a takeover bid of Southern Cross SCHE.L, the British care home operator it used to own, the Sunday Telegraph reported. [ID:nLDE6AR09O]

* Greenergy, a supplier of fuel to British supermarket petrol stations, has launched a 1 billion pound-plus ($1.6 billion) bid to buy Total France’s (TOTF.PA) UK retail network, the Mail on Sunday reported. [ID:nLDE6AR07G]

* Chinese machinery maker Changsha Zoomlion Heavy Industry Science and Technology Development Co Ltd (000157.SZ) has passed a hearing for a listing in Hong Kong to raise about $1.5 billion for overseas expansion and capital replenishment, IFR reported. [ID:nTOE6AQ005]

* Sony Corp (6758.T) has decided against raising its stake in a liquid crystal display (LCD) television panel joint venture with Sharp (6753.T) from the current 7 percent, and instead will step up panel procurement from Taiwanese makers to save costs, the Yomiuri Shimbun said on Saturday. [ID:nTOE6AQ00E]

* China Huaneng Group has agreed to buy a 50 percent stake in U.S-based power utility InterGen from India’s GMR Infrastructure Ltd (GMRI.BO) for $1.2 billion, Bloomberg reported citing two people with knowledge of the deal. [ID:nTOE6AQ006]

* Online news organization Salon.com is exploring options to merge with another media company, the company’s Chief Executive Richard Gingras told The Wall Street Journal. [ID:nN28180086]

* German financial regulators are likely to block a takeover bid by Spain’s largest construction group ACS (ACS.MC) for German peer Hochtief (HOTG.DE), a German magazine reported. [ID:nLDE6AQ03I] (Compiled by Aditi Samajpati in Bangalore; Editing by Jon Loades-Carter)

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