Home FINANCE RPT-Market Chatter-Corporate finance press digest – Reuters

RPT-Market Chatter-Corporate finance press digest – Reuters


Thu Mar 14, 2013 2:01am EDT

March 14 (Reuters) – The following corporate finance-related
stories were reported by media on Thursday:

* Britain’s fourth-largest grocer, WM Morrison Supermarkets
, is in talks about a strategic partnership with Ocado
Group Plc that would use the online grocer’s warehouse
capacity and technological expertise, Sky News reported on

* Blackstone is preparing a first-of-its-kind
securitisation of REO-to-rental properties, and the deal could
come later this year, according to sources with knowledge of the

* U.S. private equity firm Apollo Global Management LLC
is in talks to sell its 11 percent stake in India’s
largest direct-to-home service operator Dish TV India Ltd
, two sources with direct knowledge of the development
told Reuters on Wednesday.

* Bahrain Telecommunications Co (Batelco) is
discussing a deal to buy controlling stake in Reliance
Globalcom, the enterprise business unit of Anil Ambani’s
Reliance Communications, the Times of India reported,
citing people directly aware of the talks.

* SandRidge Energy Inc and hedge fund TPG-Axon
Capital are in settlement talks that could lead to the departure
of the oil and gas company’s chief executive, Tom Ward,
according to sources familiar with the matter.

* Brazil’s Vale SA plans to sell the Rio Colorado
fertilizer project in Argentina to recoup the $2.2 billion it
has invested in the suspended potash mine, a source with direct
knowledge of Vale’s plans told Reuters on

RPT-Market Chatter-Corporate finance press digest – Reuters}

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