M&A

12 November, 2009

Market Chatter -- Corporate finance press digest

BANGALORE, Nov 13 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* Lloyds Banking Group (LLOY.L) has more than 700 million pounds ($1.2 billion) of debts and investments tied up in Kenmore Property, the Times newspaper reported. [ID:nLD719208]

* Standard Chartered (STAN.L) (2888.HK) expects to list on the Indian bourses by April next year depending on market conditions, the Economic Times reported, citing the bank's group chief executive. [ID:nBOM24790]

* Leading Indian engineering and construction firm Larsen & Toubro Ltd (LART.BO) will raise $65 million by selling one-third of its stake in Mahindra Satyam Ltd (SATY.BO) on Friday, a television channel said on Thursday. [ID:nBOM524608]

* John Malone's media conglomerate, Liberty Media, is close to acquiring the second-largest German cable network company, Unitymedia, according to two German media reports late on Thursday. [ID:nLC565792]

* Germany's Allianz SE (ALVG.DE) and MAN SE (MANG.DE) will pay off the remaining debt owed by their jointly owned printing press subsidiary, manroland, according to the Frankfurter Allgemeine Zeitung. [ID:nLC576090]

* The Interac Association has hired a Wall Street investment bank to help it restructure into a for-profit company, should regulators allow, the Globe and Mail newspaper reported on Thursday. [ID:nN12256367] (Compiled by Shivani Singh; Editing by Valerie Lee)

Source: http://www.reuters.com