Market Chatter- Corporate finance press digest

CARE Ratings

10/02/2014 04:09

Feb 10 (Reuters) - The following corporate finance-related stories were reported by media:  * Deutsche Telekom  DTEGn.DE  has bought the remaining parts of its T-Mobile Czech Republic division for about 800 million euros ($1.09 billion) to take full control of the unit, a source with knowledge of the matter said on Sunday.  ID:nL5N0LE0R8  * Nestle  NESN.VX , the world's biggest food company, is looking at ways to reduce its $30 billion stake in cosmetics firm L'Oreal  OREP.PA , Bloomberg reported on Saturday, citing sources with knowledge of the matter.  ID:nL5N0LD0GW  * ArcelorMittal  ISPA.AS , the world's largest steelmaker, is interested in buying part or all of Italian steelmaker Ilva from its holding family, daily newspaper Il Sole 24 Ore reported on Sunday.  ID:nL5N0LE0GC  * Britain's Vodafone  VOD.L  has made a formal bid for ONO which will be studied at the cable firm's next board meeting on Feb. 11, newspaper Expansion reported on Saturday. ID:nL5N0LD0G9  * The sale of a minority stake in French veterinary health company Ceva Sante Animale is set to attract bids from several buyout groups, three people familiar with the situation said. BC Partners  BCPRT.UL , Charterhouse  CHCAP.UL , Cinven CINV.UL , CVC  CVC.UL , Hellman & Friedman and KKR KKR.N  have shown interest and may submit offers by a late-February deadline, they added.  ID:nL5N0LC2AS  * Indian mining and construction company Lanco Infratech LAIN.NS  is in talks with four firms, including CESC Ltd CESC.NS , for the sale of its 1,200 megawatts Udupi Power Corp in the state of Karnataka as it attempts to pare its debt burden, the Mint newspaper reported, citing a person close to the development. (http://r.reuters.com/nac76v) * Brazil's Óleo e Gás Participações SA  OGXP3.SA  creditors, led by bond firm Pimco, have agreed to about $200 million in financing for the oil company, which began Latin America's largest corporate debt default in October, Bloomberg reported on Friday.  ID:nL2N0LC22H  * Italy's UniCredit  CRDI.MI  is looking for partners interested in its unit that manages problematic debt for the group and other entities and will ask for bids by the end of this month, two sources close to the matter said on Friday. ID:nL5N0LC2QK  * German publisher Axel Springer  SPRGn.DE  has started preparations to float its online classified advertising unit as it steps up efforts to shift from print to digital media, two people familiar with the situation said on Friday. ID:nL5N0LC2PV  * Indian road developer Madhucon Projects Ltd  MAPR.NS  plans to sell at least 74 percent stake in Madhucon Agra-Jaipur Expressways Ltd to IDFC Alternatives Ltd, the private equity arm of IDFC Ltd  IDFC.NS , the Mint newspaper reported, citing two people close to the development. (http://r.reuters.com/kac76v) * A clutch of high street private equity funds - General Atlantic Partners, Actis, Baring Private Equity Partners Asia and Apax Partners are negotiating with the principle shareholders of credit ratings firm Credit Analysis and Research Ltd  CREI.NS  for a controlling stake in the company, the Economic Times reported, citing sources involved in the negotiations. (http://r.reuters.com/fac76v) * Cambian, one of the UK's biggest specialist healthcare providers, is preparing to float on the London Stock Exchange, following an increase in foreign healthcare listings in the capital, the Financial Times reported, citing people familiar with the plans. (http://link.reuters.com/bec76v) For the deals of the day click on  DEALS/  For the Morning News Call-EMEA newsletter click on EMEA/MNC     ($1 = 0.7343 euros) (Compiled By Aastha Agnihotri in Bangalore) ((aastha.agnihotri@thomsonreuters.com)(within UK +44 20 7542 1810)(outside UK +91 806 749 7920)(Reuters Messaging: aastha.agnihotri.thomsonreuters.com@reuters.net)) Keywords: MARKET CHATTER/