Market Chatter-Corporate finance press digest

Reuters Middle East

May 20 (Reuters) - The following corporate finance-related

stories were reported by media on Monday.

* Greece's second-largest lender Piraeus Bank SA

has hired four international investment banks as advisers on its

7.33-billion-euro ($9.4 billion) share issue, two bankers close

to the procedure told Reuters on Saturday.

* Yahoo Inc's board has approved a deal to buy

blogging and social networking site Tumblr for $1.1 billion in

cash, the Wall Street Journal cited people familiar with the

matter as saying on Sunday.

* The offer for miner Eurasian Natural Resources Corp

made by its founding shareholders and the Kazakh

government included shares in rival miner Kazakhmys Plc,

a British newspaper reported on Sunday.

* Bus and rail operator FirstGroup Plc plans to

announce a 600-million-pound ($918.48 million) rights issue in

the coming days to help pay off debt, British media reported on

Sunday.

* The French stock market authority has found LVMH Moet

Hennessey Louis Vuitton secretly bought shares in

rival Hermes International SCA to build a stake, and

not merely make a financial investment as the luxury group has

claimed, a newspaper reported.

* Qatar Holding and an Italian state-controlled investment

fund are interested in investing in Italian fashion house

Versace, Il Sole 24 Ore said on Saturday.

View Comments (0)