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S68 - Singapore Exchange News Story

S$10.07 -0.2  -1.9%

Last Trade - 8:10am

Sector
Financials
Size
Large Cap
Market Cap £5.93bn
Enterprise Value £5.71bn
Revenue £591.6m
Position in Universe 280th / 6099

UPDATE 1-Market Chatter-Corporate finance press digest

Tue 4th February, 2014 6:01am
(Adds items on Thomas Cook, Lotte Shopping and Hindustan Zinc) Feb 4 (Reuters) - The following corporate finance-related stories were reported by media:  * Nestle  NESN.VX  is exploring a possible sale of frozen foods business Davigel for about 300 million euros ($405.55 million), three sources familiar with the matter told Reuters, as part of a drive to trim its sprawling portfolio. ID:nL5N0KQ3VB  * Liberty Global  LBTYA.O  and Discovery Communications DISCA.O  have made a joint approach to CVC Capital  CVC.UL  about buying a 49 percent stake in Formula One, the Telegraph reported, without citing sources.  ID:nL3N0L83TN  * Prem Watsa-controlled Thomas Cook  THOM.NS  is in advanced talks to buy India's Sterling Holiday Resorts  STRT.BO  at a 36 percent premium to the company's market price, the Economic Times reported, citing three people close to the situation. (http://link.reuters.com/wyv56v) * Lotte Shopping Co  023530.KS , South Korea's biggest shopping mall owner, has received approval from the Singapore Exchange  SGXL.SI  for an initial public offering of its shopping malls in a deal that could raise as much as $1 billion, the Wall Street Journal reported, citing people with knowledge of the deal. (http://link.reuters.com/tyw56v) * British private equity group Charterhouse Capital Partners CHCAP.UL  has selected banks to handle a stock market listing of French caterer Elior later this year, a source with knowledge of the matter said on Monday.  ID:nL5N0L82NP  * Indian government's sale of a residual stake in Hindustan Zinc Ltd  HZNC.NS  may not go through this financial year due to lack of time to complete the process, the Mint newspaper reported, citing unidentified mines ministry officials. (http://link.reuters.com/cew56v) * Brazil's Investimentos e Participações em Infra-Estrutura SA will delay its initial public offering until the second quarter, a source with direct knowledge of the matter said, suggesting that investor concerns over recent turmoil in emerging markets may have eased by then.  ID:nL2N0L70GY  * Lenovo Group  0992.HK  has turned to national security insiders to win U.S. approval to buy Google Inc's  GOOG.O  Motorola Mobility phone unit and International Business Machines Corp's  IBM.N  low-end server business, the Bloomberg news reported, citing people familiar with the two deals. (http://link.reuters.com/sew56v) * Hypo Real Estate Holding AG  HRESH.UL , the German lender that received a government bailout, drew offers of as much as 350 million euros ($471.99 million) for Dublin-based Depfa Bank Plc  HRXGP.UL , the Bloomberg news reported, citing two people familiar with the matter. (http://link.reuters.com/vew56v) For the deals of the day click on  DEALS/  For the Morning News Call-EMEA newsletter click on EMEA/MNC  ($1 = 0.7415 euros) (Compiled by Aastha Agnihotri in Bangalore) ((Compiled by Aastha Agnihotri)(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/
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