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UPDATE 1-Market Chatter -- Corporate finance press digest

Published 08/21/2009, 01:57 AM
Updated 08/21/2009, 02:00 AM
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BANGALORE, Aug 21 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* German Chancellor Angela Merkel told a newspaper she was highly sceptical about the chances of Belgium-based financial investor RHJ International winning the battle to buy carmaker Opel.

* Hang Seng Bank, Hong Kong's fourth-largest lender, is considering an A-share listing in mainland China and issuing yuan-denominated bonds, Friday's official Shanghai Securities News quoted its chief executive as saying.

* Australia's $44 billion sovereign wealth fund has sold about a quarter of its stake in telecommunications company Telstra Ltd, the Australian Financial Review reported on Friday.

* Robert Benmosche, the newly appointed chief executive officer of American International Group Inc, says he expects the bailed-out insurer to be able to repay its federal debts and to boost value for shareholders, according to a report by Bloomberg News.

* India's Bharti Airtel is not considering sweetening its offer to buy a stake in South Africa's MTN, the Economic Times said on Friday, quoting the Indian telecom firm's chairman. (Compiled by Purwa Naveen Raman in Bangalore)

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