Market Chatter-Corporate finance press digest

Tue May 14, 2013 12:03am 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.

* Malaysian banking giant CIMB Group Holding Bhd's bid to acquire Bank of Commerce has hit a snag and seller San Miguel Corp is willing to walk away from the 12.2-billion-peso ($296.69 million) deal if this is not resolved soon, the Inquirer reported. ()

* An investigation by the Reserve Bank of India into allegations of money laundering by private banks - including HDFC Bank, ICICI Bank and Axis Bank - has found large-scale violations ranging from huge cash deposits without personal account numbers to dummy numbers, the Times of India reported. ()   Continued...