Market Chatter — Corporate finance press digest
* Polyus Gold has moved to redomicile in the UK by early
November, paving the way for it to become listed on the London
Stock Exchange by the end of the year, the Financial Times said
on Friday.* Anglo-Dutch consumer products maker Unilever Plc
is close to buying Russian cosmetics company Kalina
for about $850 million, the Wall Street Journal reported, citing
people familiar with the matter.* Malaysia’s Felda Global Ventures Holdings will hire
investment banks as early as next week to arrange its initial
public offering that may be one of the biggest in Malaysia, the
Business Times reported.* Beverage and snack food maker PepsiCo Inc is close
to setting up a joint venture with German dairy company Theo
Muller Group in an effort to break into the fast growing yogurt
business, the Wall Street Journal reported, citing people
briefed on the matter.* Private equity investor RHJ is in talks with
General Atlantic Partners about reviving its bid to buy Deutsche
Bank unit BHF, the Financial Times Deutschland said
in an advance copy of its Friday edition.* Vietnam’s stock market and banks have been hit by a 5
trillion dong ($240 million) fraud, a state-run newspaper said
on Thursday.* South Korea’s POSCO has decided to slash
capital spending this year by about 1 trillion won ($857
million), as steel markets shrink amid the global economic
slowdown, local media reported.* Vietnam’s central bank is paving the way for mergers and
acquisitions among banks in a move to step up the restructuring
of the sector hit by rising bad debt, a state-run newspaper
reported.
