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Market Chatter -- Corporate finance press digest

Published 05/05/2011, 12:41 AM
Updated 05/05/2011, 04:12 PM
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BANGALORE, May 5 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

* Reliance Industries plans to invest up to $12 billion in the chemicals business to tap the market for hygiene and healthcare products and will look at developing a new rubber business, Chairman Mukesh Ambani said in an interview with the Economic Times. [ID:nL3E7G50A5]

* South Korea's state-run KDB Financial Group has decided to bid for the government's stake in Woori Finance Holdings , estimated to be worth about $6 billion, local media reported on Thursday. [ID:nL3E7G506X]

* A group of investors including a Saudi Arabian trust is interested in purchasing the Wilhelmshaven oil refinery in Germany put up for sale by U.S. group ConocoPhillips , a German radio station reported on Wednesday. [ID:nLDE7431R3]

* U.S. truck maker Paccar Inc plans to invest around $200 million over two years to build a truck factory in Brazil, the Valor Economico newspaper reported. [ID:nN04182934] For Deals of the day, click on (Compiled by Anirban Sen in Bangalore; Editing by Matt Driskill) (anirban.sen@thomsonreuters.com; within UK +44 207 542 7717; outside UK +91 80 4135 5800; Reuters Messaging: anirban.sen.thomsonreuters.com@reuters.net)

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