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TATASTLBSL - Tata Steel BSL News Story

₹23.05 -0.4  -1.5%

Last Trade - 18/09/20

Sector
Basic Materials
Size
Small Cap
Market Cap £264.0m
Enterprise Value £1.92bn
Revenue £1.73bn
Position in Universe 467th / 3004

Market Chatter- Corporate finance press digest

Tue 25th February, 2014 4:16am
Feb 25 (Reuters) - The following corporate finance-related stories were reported by media:  * Sina Corp  SINA.O  has hired Credit Suisse AG CSGN.VX and Goldman Sachs Group Inc  GS.N  for a U.S. initial public offering worth about $500 million of its Sina Weibo microblogging service, a source familiar with the plans said on Monday.  ID:nL3N0LT232  * Malaysia's Matrix Capacity Petroleum Bhd, a shell company set up to buy energy assets, plans to list shares on the Kuala Lumpur stock exchange in a deal that two financial sources said could raise up to 1 billion ringgit ($304.41 million) in the second half of 2014.  ID:nL3N0LU0DQ  * The owner of Asklepios Kliniken GmbH  ASKKL.UL  is considering a stock market listing for Germany's second-largest private hospitals chain, people familiar with the matter told Reuters.  ID:nL6N0LT2MZ  * Blue Buffalo, the premium dog food business, has been talking to possible bookrunners for a stock market listing, the Financial Times reported, citing people familiar with the matter. (http://link.reuters.com/peh27v) * South Korea's Naver Corp  035420.KS  said it had no plans to sell a stake in its mobile-messaging service Line Corp after a media report that Japan's SoftBank Corp  9984.T  was seeking to buy part of the fast-growing mobile app operator. ID:nL3N0LU0NG  * The owners of helicopter transport services firm Avincis have invited banks to pitch for an initial public offering that could value the firm at up to 2 billion pounds ($3.33 billion), three sources familiar with the situation said.  ID:nL6N0LT2NF  * KKR  KKR.N  has received bids for Ipreo, a capital markets data and software provider for banks, from rival buyout groups Blackstone  BX.N  and Carlyle  CG.O  that value the business at close to $800 million, the Financial Times reported, citing people familiar with the process. (http://link.reuters.com/meh27v) * Talks between Glencore Xstrata Plc  GLEN.L  and the Chinese buyers of its Las Bambas copper mine in Peru have hit a snag over the price, the Wall Street Journal reported, citing a person familiar with the matter. (http://link.reuters.com/weh27v) * Markit and Virtu, the two unique financial technology companies are preparing multibillion dollar initial public offerings, with both seeking New York listings in the coming months, the Financial Times reported, citing people familiar with the plans. (http://link.reuters.com/reh27v) * Procter & Gamble Co  PG.N  is seeking to sell MDVIP, a personalized health-care operator catering to the wealthy, in what would be the latest divestment by a consumer goods and health-care company, the Wall Street Journal reported, citing people familiar with the situation. (http://link.reuters.com/xeh27v) * India's Jaiprakash Associates  JAIA.NS  is in talks to sell its 74 percent stake in two cement joint ventures with country's largest steel maker SAIL  SAIL.NS  to Holcim-owned ACC ACC.NS  for Rs 29 billion ($467.40 million), the Economic Times reported, citing two people familiar with the development. (http://r.reuters.com/geh27v) * Boeing Co  BA.N  is struggling to find buyers for 11 of its earliest 787 Dreamliners valued at $1.1 billion after two airlines dropped orders for the holdover models from the jet's troubled birth, the Bloomberg News reported, citing people briefed on the plans. (http://link.reuters.com/zeh27v) * Canadian pension fund Canada Pension Plan Investment Board will invest Rs 20 billion ($322.35 million) in the wholly owned infrastructure development arm of engineering major Larsen & Toubro  LART.NS , L&T Infrastructure Development Projects, the Economic Times reported, citing sources with knowledge of the matter. (http://r.reuters.com/neh27v) * India's Bhushan Steel  BSSL.NS  is negotiating with lenders led by State Bank of India  SBI.NS  for a Rs 70 billion ($1.13 billion) loan, ostensibly for capacity expansion, but some bankers say it was a kind of roll-over which may be needed to avoid a potential loan restructuring, the Economic Times reported, citing two bankers who did not want to be identified. (http://r.reuters.com/kah27v) For the deals of the day click on  DEALS/  For the Morning News Call-EMEA newsletter click on EMEA/MNC  ($1 = 3.2850 Malaysian ringgits) ($1 = 0.6013 British pounds) ($1 = 62.0450 Indian rupees) (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/
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