M&A

1 December, 2009

UPDATE 2-Market Chatter -- Corporate finance press digest

(Adds Sarasin, Zijin Mining)

BANGALORE, Dec 1 (Reuters) - The following corporate finance-related stories were reported by media on Tuesday:

* Swiss wealth manager Sarasin (BSAN.S) has emerged as a suitor for Sal. Oppenheim's BHF-Bank private banking unit unit which is up for sale, German daily Handelsblatt reported. [ID:nGEE5B0067]

* Zijin Mining Group Co (2899.HK), China's largest listed gold company, is set to make a A$540 million ($494 million) friendly bid for Australian miner Indophil Resources NL (IRN.AX), the Australian Financial Review reported. [ID:nSYD425821]

* Yunnan Copper (000878.SZ), China's third-largest copper producer, is planning to acquire a mine in Kazakhstan next year, General Manager Yang Chao told China Daily. [ID:nPEK305066]

* Billionaire investor Joe Lewis could make a takeover bid for Alphameric (ALQQ.L), a British bookmaking-technology firm, as early as Tuesday through Mayfair Capital Investments, The Daily Telegraph reported. [ID:nGEE5B0007]

* Malaysian banks have limited exposure to Dubai and are unaffected by its debt restructuring, Malaysian central bank chief Zeti Akhtar Aziz said, according to The Star newspaper. [ID:nKLR416912]

* Private equity New Silk Route, which owns majority stake in a tower leasing firm, is looking to merge the unit with India's Essar Telecom Infrastructure, the Economic Times reported on Tuesday, citing a person familiar with the development. [ID:nBOM423723]

* A Kuwaiti conglomerate is suing private equity firm Carlyle Group [CYL.UL] in a local court, alleging that it misrepresented the safety of affiliate Carlyle Capital Corp (CCC), a public debt fund that collapsed in 2008, the Financial Times reported on Monday. [ID:nN30467719]

For Deals of the day, please click on [ID:nSP430788] (Compiled by Shivani Singh; editing by Karen Foster) ((shivani.singh@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging:shivani.singh.thomsonreuters.com@reuters.net))

Source: http://www.reuters.com