UPDATE 1-Market Chatter-Corporate finance press digest

Mon, 27 Jan - 4:00pm

(Adds items on ONGC Videsh and Standard Bank Group)

Jan 27 (Reuters) - The following corporate finance-related stories were reported by media:

* No 1 cable provider Comcast CMCSA.O , in its talks with Charter CHTR.O about a possible deal to acquire parts of Time Warner Cable, would be interested in an agreement that gives Comcast the New York market and parts of New England, a person familiar with the matter told Reuters on Friday. News Search ID:nL2N0KZ00W

* Vodafone Group Plc VOD.L is in talks to acquire Spain's main cable operator Grupo Corporativo ONO SA IPO-ONO.MC , which could derail ONO's plans for an initial public offering, Bloomberg news reported. News Search ID:nL3N0L10XY

* Pop Milano's PMII.MI top investor Andrea Bonomi, who spearheaded a plan to turn the cooperative bank into a joint-stock company, has sold his entire stake, a source close to the matter told Reuters on Saturday. News Search ID:nL5N0KY3F9

* Egyptian tycoon Naguib Sawiris would be prepared to invest in Telecom Italia TLIT.MI as long as the group's biggest shareholder, Telefonica TEF.MC withdraws, but he is not in direct talks with either company, Bloomberg News reported on Monday. News Search ID:nL5N0L00NJ

* General Motors GM.N is seeking to cut shifts by half at one of its South Korean factories as it realigns global manufacturing in a move that could affect about 1,100 jobs, a source with direct knowledge of the matter told Reuters on Friday. News Search ID:nL3N0KY2IM

* Martin Marietta Materials Inc MLM.N is in advanced talks to buy construction material supplier Texas Industries Inc TXI.N , Bloomberg reported on Saturday citing unidentified sources. News Search ID:nL3N0KY4Q1

* Global investment banker Goldman Sachs Href="NewsSearch">GSGSC.UL is likely to acquire a 26 per cent stake in Indian medical equipment maker Opto Circuits Ltd OPTO.NS for around 3 billion rupees ($48.01 million), Business Standard reported on Monday. ( Href="Link">http://link.reuters.com/bab46v)

* ONGC Videsh Ltd's ONGCVD.UL $2.1 billion acquisition of Imperial Energy Corp Plc's Siberian deposits is under the scanner, with an audit committee examining the process, Mint newspaper reported on Monday citing unidentified sources. ( Href="Link">http://link.reuters.com/cab46v)

* Piramal Enterprises PIRA.NS is evaluating a proposal from merchant bankers to acquire a 5 percent stake in Axis Bank

AXBK.NS through block deals, Business Standard reported on Monday. ( Href="Link">http://link.reuters.com/guz36v)

* Barclays Plc BARC.L may end its long-running relationship with the English Premier League when its current sponsorship deal expires in 2016, Wall Street Journal reported on Sunday citing an unnamed source. ( Href="Link">http://link.reuters.com/dab46v)

* Industrial & Commercial Bank of China Ltd, China's largest bank by assets, is close to acquiring a controlling stake in Standard Bank Group Ltd's SBKJ.J U.K. commodities- and foreign-exchange-trading business for about $700 million, Wall Street Journal reported on Sunday citing unnamed sources. ( Href="Link">http://link.reuters.com/heb46v)

For the deals of the day click on Href="NewsSearch">DEALS/

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(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/

URN: 
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