Market Chatter-Corporate finance press digest

Tue May 14, 2013 1:10am EDT
 
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May 14 (Reuters) - The following corporate finance-related stories were reported by media on Tuesday:

* Brazil's state-controlled oil firm Petroleo Brasileiro Petrobras SA launched an $11 billion international bond sale, sources said on Monday, in what may become the largest-ever bond offering by a Latin American company.

* British water company Severn Trent Plc could be the target of a 5.3-billion-pound ($8.13 billion) takeover offer by a consortium led by Canadian infrastructure investor Borealis and the Kuwait Investment Authority, the Financial News reported on Monday.

* Chinese state-controlled power equipment maker XD Group is in talks to buy General Electric Co's Prolec GE joint venture with Mexico's Xignux SA de CV for up to $1 billion, Bloomberg reported on Tuesday.

  Continued...