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Market Chatter - Corporate finance press digest
2012年5月11日 / 凌晨4点28分 / 6 年前

Market Chatter - Corporate finance press digest

BANGALORE, May 11 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* Bic Camera Inc will buy a majority stake in rival Kojima Co to create Japan’s second-largest consumer electronics discount retailer, with annual group sales of around 1 trillion yen ($12.5 billion), the Nikkei newspaper reported on Friday.

* Mortgage lender Caisse Centrale du Credit Immobilier de France has mandated HSBC to try to find a buyer for itself, financial daily Les Echos reported on Thursday.

* Italian phone company Telecom Italia will invest 9 billion euros over the next three years to develop its business in Italy, Chief Executive Franco Bernabe said in an interview on Thursday with La Stampa newspaper.

* Tokyo Electric Power Co Inc and its labor union agreed to reduce corporate pension fund payouts for current employees and save 106.5 billion yen ($1.33 billion) over 10 years, the Nikkei said.

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