Reuters: Mergers News: Market Chatter - Corporate finance press digest

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Market Chatter - Corporate finance press digest Apr 26th 2012, 04:28 BANGALORE, April 16 | Thu Apr 26, 2012 12:28am EDT BANGALORE, April 16 (Reuters) - The following corporate finance-related stories were reported by media on Thursday: * Russian billionaire Alisher Usmanov is in talks to set up a holding company to own his stake in MegaFon and next-generation telecoms operator Scartel, the head of his Telecominvest holding was quoted on Wednesday as saying. * Altimo, the telecoms arm of Russian billionaire Mikhail Fridman's Alfa-Group, wants to raise its stake in mobile phone operator Vimpelcom, Altimo's chief executive was quoted on Wednesday as saying. * Egypt's EFG Hermes finalised talks to sell a 60 percent stake to Qatari QInvest, a deal aimed at merging some of the operations of the Middle East investment banks, independent Shorouk newspaper said on Wednesday. * Takaoka Electric MFG Co and Toko Electric Corp , two companies affiliated with Tokyo Electric Power Co , will merge their businesses under a new holding company around October, the Nikkei business daily reported. * BlackRock Inc, the world's biggest asset manager, will join with China's sovereign wealth fund CIC to launch a China-focused investment fund likely to be worth several billion U.S. dollars, the Financial Times quoted a senior CIC official as saying. Link this Share this Digg this Email Reprints

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