UPDATE 1-Market Chatter-Corporate finance press digest

Thu, 09 Jan - 4:13pm

(Adds Monte dei Paschi di Siena, Dish Network Corp - LightSquared Inc deal, Statoil ASA)

Jan 9 (Reuters) - The following corporate finance-related stories were reported by media:

* Independent U.S. refiner PBF Energy PBF.N has begun talks with half a dozen of its rivals to consider jointly lobbying Washington against lifting a decades-old ban on U.S. crude oil exports, sources said on Wednesday. News Search ID:nL2N0KI2KV

* Singapore Airlines' SIAL.SI new Indian joint venture with Tata Sons TATAS.UL has chosen Airbus AIR.PA A320 aircraft over Boeing's 737 BA.N to launch its operations in the country, sources familiar with the decision said.

News Search ID:nL3N0KJ14S

* Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least two Asian term buyers in February, unchanged from January, industry sources familiar with the matter said. News Search ID:nL3N0KJ05Q

* Italy's stock market regulator has asked Monte dei Paschi di Siena BMPS.MI whether it intends to challenge in court a decision by its top shareholder to delay a rights issue, a source familiar with the matter said on Wednesday.

News Search ID:nL6N0KI2R6

* Apollo Global Management LLC APO.N is looking to cash out on its investment in the owner of Lighthouse Investment Partners LLC, three years it after it backed the fund-of-hedge-funds manager, according to people familiar with the matter. News Search ID:nL2N0KI2KI

* Austrian lender Raiffeisen Bank International RBIV.VI has decided not to sell its Hungarian unit at this stage, two sources familiar with the situation told Reuters on Wednesday, after media reports that such a deal could be imminent.

News Search ID:nL6N0KI2T4

* JPMorgan Chase & Co JPM.N , the world's biggest dealer in over-the-counter metals derivatives, has added its metals futures brokerage to the sale of its physical commodities business, sources familiar with the matter said. News Search ID:nL5N0IJ2WF

* The Philippines, one of Asia's most active sovereign bond issuers in the overseas debt market, has launched an offer for a 10-year benchmark global bond, with initial guidance at 4.5 percent area, sources close to the deal said on Thursday.

News Search ID:nL3N0KJ0YV

* Rolls-Royce RR.L is in talks to buy the marine propulsion unit of Finnish power plant and ship engine maker Wartsila WRT1V.HE , Bloomberg reported, citing three people familiar with the matter. News Search ID:nL3N0KI495

* Novartis AG NOVN.VX is in talks with Merck & Co Inc MRK.N to exchange its animal-health and human vaccines businesses for the drugmaker's over-the-counter health-products unit, Bloomberg reported, quoting people familiar with the matter. News Search ID:nL3N0KJ0XL

* Three consortia, including Middle Eastern funds, are bidding for Royal Dutch Shell's RDSa.L Australian service stations in a A$3 billion ($2.68 billion) auction, the Australian Financial Review reported Thursday, citing sources close to Shell. News Search ID:nL3N0KI449

* Dish Network Corp DISH.O is terminating its bid for LightSquared Inc, the bankrupt telecom firm whose wireless spectrum Dish has been coveting, the Wall Street Journal reported, citing a person familiar with the matter.

News Search ID:nL3N0KJ14R

* Statoil ASA STL.OL is studying overseas acquisitions, as it feels encouraged by the newly elected conservative government's consideration of reducing the state's 67 percent stake in the company, people familiar with the matter told Bloomberg. The company is examining takeovers that would allow it to diversify away from Norway while diluting the state's $51 billion shareholding, said the people, asking not to be identified because the deliberations are private. ( Href="Link">http://link.reuters.com/hak85v)

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($1 = 1.1198 Australian dollars)

(Compiled by Nitin S J in Bangalore)

((nitin.sj@thomsonreuters.com)(+918067496535)(Reuters Messaging: nitin.sj.thomsonreuters.com@reuters.net))

Keywords: MARKET CHATTER/

URN: 
urn:newsml:reuters.com:20140109:nL6N0KJ07B:3
Topics: 
CRU MUNI ISU INDS MEAST ENR AIR DEAL1 RTRS TRAN FIN DK AT US FDRT IN AU STX IT COM DRUDEV PRESS MRG WEU ASEAN AUSCRU AIRL INVB GB CMPNY AIRS INVM BLR RDRU MECRU REORG NCYC DVST EUROPE FI IPO SL1 SG FINS EUROP FUND EMRG NORD ASIA PVE DBT BISV LEN JUDIC PH INVS BSVC BNK SA

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