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ESSARPORTS - Essar Ports News Story

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Last Trade - 19/11/15

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 2996

RPT-Market Chatter- Corporate finance press digest

Wed 4th March, 2015 6:18am
(Repeats with no changes to text) 
    March 4 (Reuters) - The following corporate finance-related 
stories were reported by media:  
     
    * Italy's Benetton family expects binding offers for its 
majority stake in the world's No. 2 duty free operator World 
Duty Free  WDF.MI  by mid-March, two sources close to the matter 
said on Tuesday. ID:nL5N0W54ZB  
     
    * U.S. private equity firm Hellman & Friedman and U.S. asset 
manager Fortress Investment Group  FIG.N  are lining up a joint 
bid for Italian bank services provider ICBPI, ahead of a March 
23 deadline, two sources familiar with the matter 
said. ID:nL5N0W550P  
     
    * Novetta Solutions LLC, a provider of software and IT 
services to the U.S. intelligence community, is exploring a sale 
which could value it at more than $650 million, including debt, 
according to people familiar with the matter. ID:nL1N0W41NY  
     
    * Brazilian state-run oil company Petrobras  PETR4.SA  will 
focus its $13.7 billion asset-sale plan on minority stakes, a 
move aimed at raising cash without giving up control of its oil 
fields, power plants and utilities, a source with direct 
knowledge of company plans said on Tuesday. ID:nL1N0W522W  
     
    * Gautam Adani led Adani Ports & Special Economic Zone 
 APSE.NS  is said to be in talks with Essar Group  ESRS.NS  to 
acquire its ports business, the Economic Times reported, citing 
multiple sources in the know. Early stage discussions have been  
ongoing between both sides and may soon progress to a formal 
diligence.(http://bit.ly/1wUFQWv) 
     
    * Facebook Inc  FB.O  is working on a competitor to Twitter 
Inc's  TWTR.N  mobile-advertising distributor MoPub, Bloomberg 
reported, citing people with knowledge of the matter.(http://bloom.bg/17PlCXG) 
     
    For the deals of the day click on  DEALS/  
    For the Morning News Call-EMEA newsletter click on 
 EMEA/MNC  
 
 (Compiled by Ismail Shakil in Bengaluru) 
 ((ismail.shakil@thomsonreuters.com; Within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 3538; Reuters Messaging: 
ismail.shakil.thomsonreuters.com@reuters.net)) 
 
Keywords: MARKET CHATTER/
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