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Market Chatter-Corporate finance press digest
April 24, 2013 / 6:15 AM / 5 years ago

Market Chatter-Corporate finance press digest

April 24 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:

* Italian carmaker Fiat is in advanced talks with banks, which are expected to conclude next month, for financing for a possible buyout of the rest of Chrysler, two people familiar with the matter said.

* Subsidiaries of Israel’s Delek Group will seek to raise up to $2 billion from a bond issue in the United States this year to invest in gas fields off Israel’s Mediterranean coast, a market source said.

* Spain’s state-owned Loterias, or Lottery, may raise up to 4.5 billion euros ($5.9 billion) through a bond or by seeking bridge loans before eventually going to capital markets, a source at the economy ministry told Reuters.

* The planned sale of more than 600 UK bank branches by Lloyds Banking Group to the Co-Operative Group has fallen through, people familiar with the matter said.

* Czech electricity company CEZ is likely to sell its Detmarovice power plant to Gascontrol, which has bid 1.6 billion crowns ($80.4 million) for the 800 MW hard coal-fired plant. weekly magazine Ekonom reported on its website.

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