Market Chatter- Corporate finance press digest

Reuters

Oct 8 (Reuters) - The following corporate finance-relatedstories were reported by media:

* PHH Corp is exploring splitting up its mortgageand auto fleet leasing businesses, and selling each of theunits, three people familiar with the situation told Reuters onMonday.

* Spanish oil major Repsol is putting the brakes onthe planned sale of a 30 percent stake in Gas Natural Fenosa, sources said on Monday, facing the need to offer asteep discount to attract buyers.

* Spain's largest bank, Santander, is finalising adeal to buy a controlling stake in the country's largestconsumer finance business from department store chain El CorteIngles, sources said on Monday.

* Brazilian oil producer OGX Petróleo e Gas Participações SA is meeting with U.S. creditors in New York on Mondayin a bid to jump-start rescue talks while banks scamper toarrange an emergency loan for the company if no deal is reached,sources with knowledge of the situation told Reuters.

* State-backed conglomerate China Resources Enterprise Ltd is studying options for its Hong Kong meatdistribution unit, including a possible sale, Bloomberg Newsreported.

* Britain's Vodafone plans to invest as much as $2billion to buy out minority shareholders in Vodafone India, theFinancial Times reported on Monday.

* Malaysia's southern state of Johor, which neighboursSingapore, will impose a higher processing fee on foreigners whobuy houses, state news agency Bernama reported, as it looks toboost revenues and rein in speculative buying.

* Vodafone Group Plc isn't interested in bidding forBrazil's Tim Participacoes SA, Bloomberg Newsreported, citing a person with direct knowledge of the company.Analysts at BTIG LLC and Brandes Investment Partners have citedVodafone as a potential suitor for Tim, Brazil's second-biggestwireless carrier. ()

* E-commerce site Zulily Inc plans to announce an initialpublic offering this week, as activity around consumer InternetIPOs heats up, the Wall Street Journal reported, citing peoplefamiliar with the matter. ()

* DE Shaw, one of the most profitable hedge funds, hasclosed its doors to new clients, calling time on the industry'sability to square vast inflows of money with the promise ofmarket-beating returns, the Financial Times reported on Monday.

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